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.)

Reminder: Employer Reporting Penalties

Aug 15, 2022
Legislation enacted in 2022 authorizes NHRS to assess a penalty to employers who fail to timely submit other information required for the proper administration of the retirement system, including, but not limited to, termination forms; other information necessary to process a member’s retirement application; information relating to service credit purchases; and information necessary to perform employer audits and process record corrections.
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Introducing Tiers

Jul 21, 2022
Another change employers will see in the new DRS is the way members are identified based on when they joined NHRS and/or became vested for a future pension benefit.
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New Notification Process for Reporting and Payment Penalties

Jul 11, 2022
Employers will begin receiving their reporting and payment penalty notices through employer notifications in the DRS.
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FY 23 Employer Rates Unchanged from FY 22

May 27, 2022
NHRS fiscal year 2021 employer contribution rates, which take effect July 1, 2020, are unchanged from the current fiscal year 2020 rates.
Learn More About NHRS Employer Contribution Rates

Employer Notice: Resources for New Members

May 24, 2022
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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FY 2023 Employer Reporting Schedule Available on DRS

May 24, 2022
NHRS has posted the employer reporting schedules and associated payroll vouchers for fiscal year 2023, which begins July 1, 2022. This information is available through the secure Data Reporting System (DRS) portal.
Read More About the DRS

The Importance of Termination Forms

Apr 08, 2022
When a member terminates employment to retire and begin collecting a pension benefit, NHRS sends his or her employer a termination form to document recent wage information and payments made after the termination date, if any. The retirement system cannot finalize the benefit payment until this information is received.
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New Recorded Presentation Looks at NHRS’ Past, Present and Future

Apr 08, 2022
Presentation walks through some significant events in the history of NHRS and explains how many decisions made long ago continue to resonate.
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Guidance on Treatment of ‘Premium Pay’ Under ARPA

May 19, 2021
NHRS has determined that “Premium Pay” under the American Rescue Plan Act (ARPA) is earnable compensation for retirement calculation purposes and subject to member and employer contributions.
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DRS Upgrade Project

Apr 16, 2021
NHRS has embarked on a multi-year upgrade of its pension database product, known as PensionGold (PG).
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Paycode Project

Apr 16, 2021
In January, we asked all participating employers to send us a list of the pay codes they use for paying employees who are members of NHRS.
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Resources for HR/Personnel staff

Mar 05, 2021
Our members sometimes reach out to their human resources or personnel department with questions about NHRS. While member inquiries about specific situations are best referred directly to the retirement system, we do provide a number of general information resources that employers are encouraged to share with their employees.
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NHRS Releases GASB 68 and GASB 75 Reports for Fiscal Year 2020

Feb 10, 2021
Information in the reports will help employers comply with financial reporting requirements.
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DRS Upgrade Information for Employers

Jun 19, 2020
NHRS is in the early stages of a multi-year upgrade of its pension administration database software, known as PensionGold (PG). The upgrade from Version 2, which has been in operation since 2002, to Version 3 is expected to be completed in 2023. The employer Data Reporting System (DRS) is a component of PensionGold, so this upgrade will have an impact on member, retiree, and insurance reporting by our participating employers.
Learn More About the Upgrade Here

Scam Targets Governmental Employers

Mar 02, 2020
An email scam targeting municipal employers has led to the improper diversion of employer contributions from at least two public pension plans outside New Hampshire.
Find Out More About this New Scam

Get the Most Up-to-Date Information

Jan 07, 2020
If you save copies of old NHRS forms, presentations, and employer guidance, please make sure you have the most recent versions.
Learn How to Stay Up to Date

NHRS to Upgrade Pension Database

Oct 17, 2019
NHRS has embarked on a multi-year upgrade of its pension database product, known a Pension Gold (PG). The upgrade from Version 2, which has been in operation since 2002, to Version 3 is expected to be completed in 2022.
Learn More About What this Update Will Mean for Employers

Reporting Corrected Wages

Jun 25, 2019
The integrity of the data NHRS receives from its employers is crucial to our ability to effectively administer retirement benefits.
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Make Sure Your Key Contacts are on Our Email List

Jun 24, 2019
NHRS regularly sends out news, notices, and reminders to our participating employers via email. This information is intended for any/all of these work areas: Finance, Payroll/Accounts Payable, HR/Personnel, and Administration.
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Getting Ready for Retirement

Jun 24, 2019
NHRS has created a page filled with resources and information for members approaching retirement.
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