For Immediate Release: May 21, 2013
Contact: Marty Karlon, Public Information Officer, (603) 410-3594; [email protected]
CONCORD, N.H. – With 85,000 members and retirees and more than $6.2 billion in assets, the New Hampshire Retirement System (NHRS, the retirement system) is the state’s largest locally organized financial institution.
It also may be among the most complex.
In an effort to inform stakeholders and other interested parties, the retirement system is launching “NHRS … Now You Know,” a series of issue briefs designed to provide straight talk about some of the major topics concerning the retirement system.
“Although we already post a significant number of financial, investment, legislative, and other informational documents online, the volume and complexity of this material can sometimes be overwhelming,” said George Lagos, NHRS Executive Director. “ ‘NHRS… Now You Know’ is our way to communicate some key concepts and issues about the retirement system in an easy-to-read format that will be accessible to a wider audience.”
The first issue brief, “Three Key Facts About NHRS,” addresses some of the most common questions about the retirement system; it is available here.
Future topics in the series, which typically will be released every 6 to 8 weeks, include the retirement system’s unfunded liability, investment strategy and performance, and the impact of new Governmental Accounting Standards Board (GASB) standards on local financial reporting.
The New Hampshire Retirement System provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and more than 470 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS administers a defined benefit plan qualified as a tax-exempt entity under section 401(a) and 501(a) of the Internal Revenue Code.
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