For Immediate Release:
December 17, 2018
Contact: [email protected]
CONCORD, NH – The New Hampshire Retirement System (NHRS, the retirement system) has released written instructions on how to set “grandfathered” retirees in the Data Reporting System (DRS) beginning in January.
These instructions were prepared following legislation passed in 2018 that will change the laws governing NHRS retirees working in a part-time position for one or more retirement system participating employer(s).
The “grandfathering” provision contained in the law allows retirees who are already working part-time for an NHRS-participating employer(s) as of January 1, 2019, to work a maximum of 1,664 hours per calendar year for as long as they remain in the position they held on the effective date of the bill. This is a greater annual hourly limit than allowed for non-grandfathered retirees, who may work up to 1,352 hours per calendar year.
In order for NHRS to effectively administer the grandfathering provision, employers are required by law to provide the names and position titles of retirees in their employment to NHRS no later than February 15, 2019. The names and positions provided in 2019 will be used annually to verify that these retirees remain in the same position as of January 1 each calendar year, beginning in 2020.
To view these step-by-step instructions, see: https://www.nhrs.org/docs/default-source/employer-education/hb-561-employer-grandfathering-instructions.pdf
Please note that the grandfathering portal will not be available until after January 1, 2019. NHRS will send an email notice to employers when the portal is activated.
For more information about this new law, click here.
Employers with questions regarding eligibility or other administrative issues regarding the law can email [email protected] or call (603) 410-3592.
Note: The change in law will eliminate the current monthly retiree reporting requirement. The final monthly reporting – for retiree hours worked and compensation paid in November 2018 – is due no later than December 31, 2018.
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and nearly 470 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,000 active members and 35,000 pension recipients. NHRS administers a defined benefit plan qualified as a tax-exempt entity under sections 401(a) and 501(a) of the Internal Revenue Code.
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