NHRS has issued an RFQ for architectural services.
NHRS has issued an RFP for legal services.
Steve Saltzman was recently appointed to the New Hampshire Retirement System Board of Trustees as the public member.
Leah McKenna was recently appointed to the New Hampshire Retirement System Board of Trustees as the employee member.
NHRS has partnered with Citizens Bank to upgrade the current “NHRS QuickPay,” which is an online bill pay service that facilitates the submission of employer contributions via ACH (Automated Clearing House) at no cost to participating employers.
NHRS has released reports for fiscal year (FY) 2024 related to Governmental Accounting Standards Board (GASB) Statements No. 68 and No. 75.
Employer reporting of calendar year 2024 retiree data through the Data Reporting System is due no later than February 18, 2025.
Fiscal Year 2024 Member Annual Statements for all New Hampshire Retirement System members who are not yet retired have been posted to My Account, the retirement system’s secure online portal.
The NHRS member interest rate for calendar year 2025 will be 4.75 percent. This interest rate is applied to a member’s accumulated contributions on an annual basis.
NHRS realized an 8.8% return on investments in the fiscal year ended June 30, 2024. The retirement system’s assumed rate of investment return is 6.75%. At the close of fiscal year (FY) 2024, the retirement system’s unaudited trust fund assets were $12.2 billion, an increase of approximately $700 million from the prior fiscal year, which stood at $11.5 billion.
NHRS has again been recognized by the Government Finance Officers Association of the United States and Canada (GFOA) for its annual financial reports.
NHRS is regularly contacted by members and retirees about calls and/or emails from third parties soliciting them to sign up for a free retirement appointment and/or provide personal information. THESE COMMUNICATIONS ARE NOT FROM NHRS.
The NHRS Board of Trustees certified employer contribution rates for fiscal years 2026 and 2027 at its meeting on August 13, 2024. For the second consecutive two-year rate cycle, total employer contribution rates for all four membership classifications – Employee, Teacher, Police, and Fire – will decrease as a percentage of covered payroll.
Three bills impacting NHRS benefits were passed by the New Hampshire Legislature during the 2024 session and have been signed into law by the Governor.
The Board of Trustees of the New Hampshire Retirement System (NHRS, the retirement system) voted June 11, 2024, to adopt revised actuarial assumptions based on the results of a four-year experience study conducted by its consulting actuary, Gabriel, Roeder, and Smith (GRS).
For the first time in its 57-year history, NHRS will exceed $1 billion in pension benefit payments this fiscal year. With close to 80 percent of NHRS’ retirees and beneficiaries living in the Granite State, most of these retirement benefits support local economic activity.
Christine Clinton of Dublin was recently elected chair of the NHRS Independent Investment Committee.
Maureen Kelliher of Dover was recently appointed to chair the New Hampshire Retirement System (NHRS, the retirement system) Board of Trustees.
The retirement system has released its Annual Comprehensive Financial Report, Summary Annual Financial Report, and Comprehensive Annual Investment Report for the fiscal year ended June 30, 2023.
A statutory commission created by 2023 legislation to study the impact NHRS benefits have on the retention and recruitment of public employees has issued its final report, which includes five recommendations.