NHRS Funding Policy Meets National Guidelines

Retirement system already follows recommendations outlined in new report

Dec 12, 2014
  • Retirees
  • Members
  • Employers

For Immediate Release: April 23, 2013
Contact:  Marty Karlon, Public Information Officer, (603) 410-3594; [email protected]

CONCORD, N.H. –  The Pension Funding Task Force, an umbrella group made up of 11 well-known governmental and pension organizations, recently issued report captioned: “Pension Funding: A Guide for Elected Officials,” which offers guidance for policy makers to use when developing their pension plan’s funding policy.

The report identifies five key policy objectives for public pension funding and includes specific recommendations pertaining to actuarial cost methodology, asset smoothing and amortization of unfunded liability. The New Hampshire Retirement System (NHRS) is pleased to advise that it already operates in accordance with the Task Force guidelines and recommendations.

Members of the Task Force include the National Governors Association, the National Conference of State Legislatures and the National Association of State Auditors, Comptrollers and Treasurers.

The full report is available here.

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