Employer News Blog

News and notes for NHRS employers

This page contains items in the current employer newsletter, along with timely items from prior newsletters.(Sometimes, you might even find some items slated for upcoming newsletters that we want to share early.)

    Top 10 Employer Audit Issues

    Mar 21, 2017
    The NHRS audit team works with participating employers to ensure that required information is provided to the retirement system in a manner consistent with the law. Because of various legislative changes to the pension plan in recent years, particularly changes to the definition of earnable compensation, a number of common issues are appearing in employer audits. NHRS encourages all employers to review the following list of common audit findings to ensure they are in compliance with the statute.
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    Reporting Compensation Over Base Pay

    Mar 17, 2017
    During the course of recent employer compliance audits, it was discovered that some employers are still not using the Compensation Over Base field when reporting member compensation through the NHRS Data Reporting System (DRS). Effective January 1, 2012, employers have been required to report certain compensation in the Compensation Over Base field.
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    Additional Guidance Regarding Extra and Special Duty Pay

    Mar 10, 2017
    NHRS has posted a revised version of Interpretive Memorandum 2013-3 regarding Extra and Special Duty Pay (ESDP).
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    Employer Notice: Resources for New Members

    Jan 27, 2017
    As a part of its ongoing effort to help educate its members about retirement, the New Hampshire Retirement System has created an online presentation and FAQ for new members called “Learning About Your Retirement Plan.”
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    Retiree Tax Questions Regarding Insurance

    Dec 28, 2016
    NHRS received a number of tax-related inquiries in early 2016 from retirees looking for the amount of insurance premiums withheld from their pension benefits. The retirement system expects to receive these inquiries again in 2017.
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    NHRS Releases 2016 Annual Reports

    Dec 28, 2016
    NHRS has released its Comprehensive Annual Financial Report, Summary Annual Financial Report, and Comprehensive Annual Investment Report for the fiscal year ended June 30, 2016.
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    Report looks at state budget impact

    Dec 19, 2016
    A recent issue brief from the Center for Retirement Research at Boston College looks at this question: “Will pensions and OPEBs break state and local budgets?”
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    NHRS 2016 Law Book

    Dec 19, 2016
    As a courtesy to its participating employers, NHRS is providing each employer with a copy of the 2016 NHRS statutory provisions book (“law book”).
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    Proudly Displaying Our Mission

    Dec 16, 2016
    This fall, NHRS re-vamped its Mission, Vision and Values statement. The core commitments didn’t change, but the new version is more concise, memorable, and forward-focused. A poster-size copy signed by the entire staff is now hanging in our reception area.
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    ‘Forgot Your Password?’ Feature Now Available for the Data Reporting System

    Nov 14, 2016
    Employers who use the New Hampshire Retirement System’s (NHRS) Data Reporting System (DRS) are now able to reset their password without calling the NHRS office for assistance.
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    Director of Employer Services Denise Call Retires

    Oct 18, 2016
    After 42 years of service to the New Hampshire Retirement System, Director of Employer Services Denise Call will retire November 1.
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    Get the Most Up-to-Date Information

    Sep 30, 2016
    NHRS updates the information on its website as a result of changes in law, as well as in response to technological changes. If you have copies of old NHRS forms, presentations, and employer guidance, please make sure it is the most recent version.
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    Shared and Loaned Employees

    Aug 15, 2016
    NHRS is aware of an increase in situations where participating employers are using shared or loaned employees. Fiscal and workforce challenges have caused some employers to seek innovative solutions to their staffing needs. This includes the utilization of one person to provide services to two or more employers. These arrangements may be structured in several ways and NHRS is still evaluating what, if any, impact this may have with respect to NHRS administration on such matters as enrollment, participation, creditable service, and “earnable compensation.” In the meantime, we strongly encourage participating employers to call NHRS for guidance when contemplating the implementation of such arrangements as any impact regarding NHRS administration is “fact specific” on a case-by-case basis.
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    NHRS Provides Guidance on Treatment of Salary Continuance Payments

    Jul 19, 2016
    NHRS has released a new Interpretive Memorandum providing guidance on how Service Credit is awarded and Earnable Compensation is calculated for members who receive compensation under an employer-sponsored salary continuance plan.
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    Dig Into Your Photo Albums

    Jun 24, 2016
    NHRS will mark its 50th anniversary in 2017 and we would like to showcase historical photos of our members at work through the years in our annual report and other 2017 publications.
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    Trustee Crombie Retires, Leaves Board

    May 24, 2016
    Dean Crombie, a police member of the New Hampshire Retirement System Board of Trustees, will be leaving the Board June 1 when he retires as Somersworth police chief after 42 years on the force.
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    FY 2017 Employer Reporting Schedule Available

    May 24, 2016
    NHRS has posted the employer reporting schedules and associated payroll vouchers for fiscal year 2017 on the Data Reporting System (DRS).
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    Upgrades to Retiree Reporting Module

    May 24, 2016
    To better serve the needs of our participating employers, NHRS in April released two enhancements to the retiree reporting module of its online data reporting system (DRS), which is used by employers to report hour and compensation data for retired members pursuant to RSA 100-A:16, VII (“HB 342 reporting”).
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    Legislative Updates Available Online

    Apr 04, 2016
    Information regarding bills introduced in the 2016 legislative session related to the retirement system can be found on the NHRS website.
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    Important Reminders for Employers

    Apr 04, 2016
    Here are some important reminders for employers. We'll be adding more as time goes by, so check in often.
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