News

NHRS Receives Award for Financial Reporting

12/02/2021
  • ACFR

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



IRS-Required Changes to Form W-4P in 2023

11/15/2022
  • Retirees

To match individuals’ withholding instructions to changes in tax law, the IRS has redesigned tax withholding forms for both monthly pensions and annuities and one-time payments and rollovers. Use of these forms was optional for tax year 2022, however the IRS requires that the new forms must be used beginning January 1, 2023.



Two New Members Join NHRS Board

11/14/2022
  • Board of Trustees

Two new members recently joined the NHRS Board of Trustees.



NHRS Realizes -6.1% Investment Return in Fiscal Year 2022

11/04/2022
  • Investments

The New Hampshire Retirement System realized a negative 6.1% return on investments in the fiscal year ended June 30, 2022. The three-year, five-year, 10-year, and 25-year returns for the periods ended June 30, 2022, were 7.1%, 7.2%, 8.5%, and 6.9%, respectively. All returns are net of fees. The retirement system’s assumed rate of investment return is 6.75%.



Frederick Joins NHRS Board

10/11/2022
  • Board of Trustees

Jon Frederick was recently appointed to the NHRS Board of Trustees as an employer member representing the NH Municipal Association.



Member Annual Statements Available on My Account

09/30/2022
  • Members

The Fiscal Year 2022 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.



NHRS Hires New Chief Investment Officer

09/15/2022
  • NHRS

The New Hampshire Retirement System has hired Raynald Leveque to serve as Chief Investment Officer (CIO), effective October 1.



NHRS 2024-25 Employer Contribution Rates

07/12/2022
  • Employers

The NHRS Board of Trustees certified employer contribution rates for fiscal years 2024 and 2025 at its meeting on July 12, 2022. Employer contribution rates for the four membership classifications – Employee, Teacher, Police, and Fire – will decrease from the current rates beginning July 1, 2023.



NHRS 2022 Legislative Update

06/28/2022
  • Retirees
  • Employers
  • Members

Seven bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2022 session and signed into law by the Governor.



HB 1535: Eligible Retirees to Receive One-time Payment of $500

06/23/2022
  • Legislation
  • Retirees

Legislation enacted in 2022 will provide a one-time $500 payment to more than 23,000 eligible retirees or beneficiaries receiving a benefit from NHRS.



HB 1587: Average Final Compensation Calculation for Certain Group II Members

06/20/2022
  • Members

Legislation enacted in 2022 will modify the calculation of compensation paid in excess of the full base rate of pay under the definition of Average Final Compensation for Group II (Police and Fire) members who commenced service prior to July 1, 2011, and who had not attained vested status prior to January 1, 2012.



HB 1221: One-time Employer Contribution Reimbursement

06/17/2022
  • Legislation
  • Employers

Legislation enacted in 2022 will require the State of New Hampshire to reimburse 7.5 percent of local employer contributions to NHRS made in fiscal year 2022 for Group I teachers and Group II police and fire members.



SB 363: Nonqualified Service Purchase for Certain Group II Members

06/16/2022
  • Legislation
  • Members

Legislation enacted in 2022 will allow active members who commenced Group II (Police and Fire) service between January 1, 2002, and June 30, 2011, to purchase nonqualified service time in order to reduce the minimum age and service requirements for retirement that were enacted in 2011. Implementation of SB 363 requires significant computer programming and NHRS is unable to accept requests for service purchase cost calculations until the law takes effect.



NHRS Will No Longer Accept Attachments to General Information Inbox

06/16/2022
  • Employers
  • Retirees
  • Members

NHRS will no longer accept email attachments to its general information email address effective August 1, 2022.



NHRS Statement on Russian Holdings

03/18/2022
  • Independent Investment Committee

The NHRS Independent Investment Committee unanimously voted to direct its external separate-account managers to sell the Russian assets held in the NHRS portfolio as soon as practical and prudent. As of March 1, the combined value of these investments was just under $4 million, or 0.00035 percent of a total portfolio of nearly $11.5 billion.



NHRS Releases GASB 68 and GASB 75 Reports for Fiscal Year 2021

02/25/2022
  • GASB

NHRS has released reports for Fiscal Year 2021 related to Governmental Accounting Standards Board (GASB) Statements No. 68 and No. 75.



NHRS Realizes 29.4% Investment Return in FY 2021

10/25/2021
  • Investments

NHRS realized a 29.4% return on investments in the fiscal year ended June 30, 2021. The three-year, five-year, 10-year, 20-year, and 25-year returns for the periods ended June 30, 2021, were 11.4%, 11.3%, 9.3%, 7.2%, and 7.9%, respectively. All returns are net of fees. The 29.4% return exceeded the total fund benchmark of 24.3%.



Martins Appointed to Board of Trustees

09/01/2021
  • Board of Trustees

Germano Martins was recently appointed to the New Hampshire Retirement System Board of Trustees as a public employee member.



Secure Document Upload Option Added to ‘My Account’ 

07/15/2021
  • Retirees
  • Members

NHRS has added a secure document upload feature to 'My Account,' our online portal for members and benefit recipients.



NHRS Office Reopens

06/22/2021
  • Retirees
  • Members

The NHRS office in Concord reopened for abbreviated walk-in services effective July 1, 2021. Walk-in services are currently limited to paperwork drop-off/review, notarizations and general questions, and subject to a 15-minute maximum. Walk-in services are available Monday through Friday from 9 a.m.-1 p.m. Our foyer remains open 8 a.m.-4 p.m. for limited-contact drop-off of materials using our secure drop-box.