Legislative Updates

The retirement system's role is to provide information and factual analysis on the impact of proposed legislation. For more information on the bills listed below, visit:
https://www.gencourt.state.nh.us/bill_Status/quickSearch.aspx

Legislative Tracker (updated 7/19/24)

2024 Session

Key: + - Bill has been enacted into law; * - Bill is dead; # - Bill has been referred to interim study or tabled.

HB 1211 *

This bill temporarily increases the number of hours a retired employee can work in a calendar year from 1,352 to 1,872. After 10 years, the number of hours would revert to 1,352.

HB 1267 *

This bill prohibits the investment of funds of the state treasury, executive branch agencies, and the state retirement system in investments which consider environmental, social, and governance (ESG) criteria.
Related: NHRS Trustees vote to oppose HB 1267 (2/13/24)

HB 1279 #

This bill provides that the state shall pay 7.5% of local employer retirement contributions for Group I Teachers and Group II Police and Fire members.

HB 1299 *

This bill makes community college fire educators eligible for Group II membership.

HB 1307

This bill, as amended, makes a one-time supplemental allowance of $500 in fiscal year 2025 to accidental disability benefit retirees and beneficiaries retired prior to or on July 1, 2018, who have an annual pension benefit of $50,000 or less. The bill also provides for any future supplemental allowances and cost-of-living adjustments for accidental disability beneficiaries to be granted without regard to years of creditable service.

HB 1421 *

This bill requires the NHRS Board of Trustees to contract for two investment consulting firms and review their performance.
Related: NHRS Trustees vote to oppose HB 1421 (2/13/24)

HB 1435 *

This bill provides that if a retirement system retiree returns to being a member of the system, the portion of the retiree’s allowance which is paid to a former spouse under a qualified domestic relations order will continue.

HB 1451 *

This bill provides that mandatory overtime shall be reported as part of the full base rate of compensation.

HB 1559 

This bill, as amended, establishes a new retirement system disability benefit for Group II members who retire as a result of a purposeful, violent attack by means of a deadly weapon. (Note: This bill replaces SB 134)

HB 1647

This bill, as amended, increases the multiplier for Group II Tier B members to 2.5% for all years worked in excess of 15 years for members who retire under service or disability retirement. The bill includes a $26 million appropriation toward the cost of this change.

HB 1653 #

This bill modifies the definition of earnable compensation for Group II members hired prior to July 1, 2011, and who did not attain vested status prior to January 1, 2012.

HB 1673 #

This bill redefines average final compensation for Group II members hired prior to July 1, 2011, and who did not attain vested status prior to January 1, 2012.

SB 309 #

This bill changes the vesting period for retirement system benefits from 10 years to 5 years.

SB 368 *

This bill links the recalculation of a Group I retiree’s NHRS benefit to his or her full retirement age under the federal Social Security system for members who retired prior to July 1, 2023, and who have not attained age 65 prior to July 1, 2024.

SB 520 *

This bill requires state and local public retirement systems to discharge its duties solely in the financial interest of the participants and beneficiaries.
Related: NHRS Trustees vote to oppose SB 520 (2/13/24)