For Immediate Release: December 21, 2023
CONCORD, NH – The New Hampshire Retirement System (NHRS, the retirement system) has again been recognized by the Government Finance Officers Association of the United States and Canada (GFOA) for its annual financial report.
GFOA awarded a Certificate of Achievement for Excellence in Financial Reporting to NHRS for its Annual Comprehensive Financial Report (ACFR) for the fiscal year ended June 30, 2022. This award is the highest form of recognition in the area of governmental accounting and financial reporting. In order to be awarded a Certificate of Achievement, a government unit must publish an easily readable and efficiently organized annual comprehensive financial report whose contents satisfy both generally accepted accounting principles and applicable legal requirements, as well as demonstrate a “spirit of full disclosure.”
Financial reports submitted to the Annual Comprehensive Financial Report program are reviewed by selected members of the GFOA professional staff and by outside reviewers with experience in governmental accounting and financial reporting. These award is valid for a period of one year.
NHRS has been recognized for its annual report for 31 of the past 32 years. The report is available online at: www.nhrs.org/funding-and-investments/reports-valuations
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and nearly 460 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,500 active members and 43,500 benefit 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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