NHRS Legislative Tracker (Final)
Key: + - Bill has been enacted into law; * - Bill is dead; # - Bill has been tabled, retained in committee or rereferred.
+ House Bill 2
This is the budget trailer bill. Among the NHRS-related sections are:
– Adjusting 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 retire on or after July 1, 2023.
– Providing a one-time $500 payment to eligible retirees in 2024.
– Creating a commission to study retirement benefits and retention of employees.
+ House Bill 30
This bill allows county commissioners to exempt the county chief administrative officer from compulsory NHRS membership at the time of initial hiring or appointment.
* House Bill 50
This bill provides a one-time, $50 million appropriation toward the retirement system’s unfunded pension liability in fiscal year 2023.
# House Bill 183
This bill allows retired Group II Fire members to be employed by the state fire academy and not have those employment hours count against the annual limit on part-time hours.
+ House Bill 193
This bill makes various changes to the administration of the NHRS, including clarification of the definition of teacher job share, references to the system's annual comprehensive financial report, and procedures related to the purchase of service credit.
# House Bill 250
This bill modifies the amount of the retirement annuity payable upon the accidental death of a member to 100 percent of average final compensation at the member's death with a maximum benefit of $85,000.
+ House Bill 278
This bill ratifies a provision of RSA 100-A regarding annual employer reporting of hours worked and compensation paid to retired members working part-time that was inadvertently repealed. This bill has no impact of past or future reporting of retiree information.
* House Bill 339
This bill provides that no funds from NHRS or the state public employee deferred compensation plan shall be invested with any company that is boycotting Israel.
# House Bill 436
This bill, over a 10-year period, adjusts the application of the minimum age, minimum years of service, average final compensation, and annuity multipliers for Group II members in service prior to July 1, 2011, and not vested prior to January 1, 2012.
# House Bill 449
This bill increases the service retirement and disability retirement annuity multiplier for the first 20 years of service of Group II retirement system members under the transition provisions adopted in 2011.
+ House Bill 457
This bill requires NHRS to report on a quarterly basis to the office of legislative budget assistant regarding compliance with the duty to make all investment decisions solely in the interest of the participants and beneficiaries.
* House Bill 461
This bill requires political subdivision employers to continue to pay retirement contributions when eliminating or transferring certain senior leadership positions from full-time to part-time.
* House Bill 525
This bill adjusts the application of the transition provisions for Group II service retirement adopted in 2011 to be applicable as of January 1, 2014, rather than January 1, 2012.
# House Bill 555
This bill requires the transfer of 75 percent of a state biennial surplus to the reduction in the retirement system’s unfunded accrued liability.
# House Bill 559
This bill establishes a defined contribution retirement plan for new state employees who begin service on or after July 1, 2024, and who would previously have been enrolled in Group I. All new state employees on and after July 1, 2024, will be required to participate in a defined contribution plan administered by the state Deferred Compensation Commission and would not be members of NHRS.
# House Bill 571
This bill authorizes a one-time payment to a retired Group II member or beneficiary. Group II members (or their beneficiaries) retired 10 to 19 years as of July 1, 2023, are eligible for a payment ranging from $1,100-$2,900 depending on the number or years retired; Group II members (or their beneficiaries) retired 20 or more years as of July 1, 2023, are eligible for a payment of $3,000. Group II members with a benefit of $100,00 or more are ineligible for the one-time payment.
* House Bill 579
This bill eliminates the transition provision adopted in 2011 for Group II members who began service before July 1, 2011, but were not yet vested as of January 1, 2012.
* House Bill 639
This bill establishes procedures for the legalization, regulation, and taxation of cannabis; and the licensing and regulation of cannabis establishments. Note: This bill dedicates a portion of state revenue generated by the sale of cannabis toward paying down the retirement system’s unfunded actuarial accrued liability.
# Senate Bill 57
(This bill was incorporated into HB 2) 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.
# Senate Bill 114
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.
# Senate Bill 134
The bill establishes a retirement system benefit for Group II members who retire due to a violent act injury.
# Senate Bill 205
This bill grants a 1.5% cost-of-living adjustment (COLA) on the first $50,000 of the pension benefit to retirees who retired on or before July 1, 2018, or any beneficiary of such member who is receiving a pension benefit. The COLA would take effect on the retired member's first anniversary date occurring on or after July 1, 2024.