NHRS ... Now You Know: Different roles, different responsibilities

Latest in series of issue briefs looks at the roles of plan sponsor and plan administrator

Apr 22, 2019
  • Now You Know

For Immediate Release: April 22, 2019
Contact: Marty Karlon, Public Information Officer, (603) 410-3594; [email protected]

CONCORD, NH – 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, “Different roles, different responsibilities,” is now available at: https://www.nhrs.org/now-you-know

Here is an excerpt:
“NHRS sometimes gets asked when are we going to grant a cost-of-living adjustment (COLA) to retirees, eliminate the age 65 pension recalculation for Group I members, or ‘do something about double-dipping.’ The answer is the same to all of these (and several other) questions: The New Hampshire Retirement System is the ‘plan administrator’ and the issues above are decisions made by the ‘plan sponsor,’ which is the NH Legislature.”

About NHRS

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 37,000 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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