News

Decennial Retirement Commission is Set to Begin

  • Retirees
  • Members
  • Employers

Group is tasked with making recommendations to ensure the long-term viability of NHRS



NHRS Thwarts Unauthorized Attempt to Divert Pension Payments for 45 Retirees

08/01/2017
  • NHRS
  • Retirees
  • Members

NHRS recently learned that an unknown party established online accounts on “My Account,” the retirement system’s member and retiree web portal, in early July in an attempt to re-route pension payments of 45 retirees to a financial institution called Green Dot Bank. We identified this attempted re-direction of funds well before July pension payments were issued, and no payments were diverted.



NHRS 2017 Legislative Update

07/10/2017
  • Legislation

Three bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2017 session and signed into law by the Governor. RSA 100-A is the statute governing NHRS. All three bills deal with administrative issues and do not impact contributions or pension benefit formulas.



NHRS ... Now You Know: The bottom line on alternatives

07/10/2017
  • Investments

In an effort to inform stakeholders and other interested parties, the New Hampshire Retirement System has developed “NHRS … Now You Know,” a series of issue briefs designed to provide plain talk about some of the major topics concerning the retirement system. The latest issue brief, “The bottom line on alternatives,” is now available.



NHRS Receives Awards for Financial Reporting

06/26/2017
  • Summary CAFR
  • CAFR

NHRS has again been recognized by the Government Finance Officers Association of the United States and Canada (GFOA) for its annual financial reports.



No Cost-of-Living Adjustment Granted by Legislature in 2017

06/23/2017
  • Retirees

The New Hampshire Legislature did not authorize a 2016 cost-of-living adjustment (COLA) for eligible retirees or their eligible beneficiaries. As a result, annual pension benefits will remain at current levels.



Employer Alert: Reporting and Payment Penalties

05/08/2017
  • Employer Notices

NHRS is providing updated guidance regarding the assessment of employer interest penalties for late or inaccurate reporting of active member data and/or late contribution payments.



NHRS Employer Notification: Validating XML Files

04/21/2017
  • Employer Notices

NHRS makes available to participating employers an XML Schema Verification Application that allows employers who submit monthly wage and contribution data for active members via an XML file to test whether their file is valid before uploading it. The integrity of the data NHRS receives from its employers is crucial to our ability to effectively administer retirement benefits. The XML file verification process is only the first stage of a multi-level review of employer-submitted files. Beginning April 28, 2017, the processing of XML files will be automated and employer-submitted XML files that do not match the schema will be rejected by the Data Reporting System (DRS). Previously, NHRS staff validated the files manually before moving them into the DRS, and would notify an employer if their file had issues.



Retirement System Offers 'NHRS 101' Online Presentation

04/18/2017
  • Employers
  • Retirees
  • Members
  • NHRS

Narrated PowerPoint provides factual overview of NHRS operations.



My Account Just Got Even Easier to Use

02/16/2017
  • NHRS

Upgrade improves user experience on tablets, smartphones.



NHRS Releases GASB 68 Reports for Fiscal Year 2016

03/13/2017
  • GASB
  • Employers

NHRS has released two reports for Fiscal Year 2016 related to Governmental Accounting Standards Board (GASB) Statement No. 68, which impacts financial reporting for participating employers.



NHRS Employer Notification: Legislation with Potential Cost Impact – II

02/06/2017
  • Legislation

Pursuant to RSA 100-A:14, XII, the New Hampshire Retirement System (NHRS, the retirement system) is issuing this notice to inform NHRS participating employers about legislation that may have a cost impact on political subdivision employers.



NHRS Employer Notification: Legislation with Potential Cost Impact

01/26/2017
  • Employer Notices

Pursuant to RSA 100-A:14, XII, the New Hampshire Retirement System (NHRS, the retirement system) is issuing this notice to inform NHRS participating employers about legislation that may have a cost impact on political subdivision employers.



2016 Retiree Tax Documents Have Been Mailed

01/17/2017
  • Retirees

Copies of 2016 Internal Revenue Service (IRS) Form 1099-R for New Hampshire Retirement System retirees and beneficiaries have been mailed. All retirees and beneficiaries will begin receiving paper copies of these important tax documents via U.S. Mail in late January, however, anyone wishing to get a jump on tax filing may print out their 1099-Rs immediately through My Account, the retirement system’s online portal.



NHRS Releases 2016 Annual Reports

12/30/2016
  • Summary CAFR
  • CAIR
  • CAFR

NHRS has released its Comprehensive Annual Financial Report, Summary Annual Financial Report, and Comprehensive Annual Investment Report for the fiscal year ended June 30, 2016.



NHRS Member Interest Rate for Calendar Year 2017

12/13/2016
  • Members

Per statute, the NHRS member interest rate for calendar year 2017 will be zero percent. This interest rate is applied to a member’s accumulated contributions on an annual basis.



Online Retirement Application, Electronic Direct Deposit Options Now Available

10/26/2016
  • Retirees
  • Members
  • Employers

The retirement system has made upgrades to its website so members can now apply for service or vested deferred retirement benefits online; and retirees now have the option to have their pension payments deposited directly into more than one account.



NH Supreme Court Rules in Pension Benefits Case

10/14/2016
  • Legislation

The New Hampshire Supreme Court released a unanimous decision yesterday that upheld several changes to NHRS benefit provisions enacted by the Legislature in 2011.



NHRS Realizes 1.0% Return on Investments in Fiscal Year 2016

10/14/2016
  • NHRS

The New Hampshire Retirement System realized a 1.0% return on investments in the fiscal year ended June 30, 2016.



More Thoughts on Working After Retirement

10/04/2016
  • Members
  • Retirees
  • Employers

A letter from the Executive Director: Last month, I shared with stakeholders our concerns with the trend of NHRS retirees returning to work in senior leadership positions on a “part-time” basis. I concluded my first letter with the following question: Is the current law working – does this make sense? Nearly 80 people shared their thoughts with me on that question, with more than 85 percent of those expressing an opinion agreeing that this is a topic deserving further discussion.