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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    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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    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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    Guidance Available on Earnable Compensation

    Dec 30, 2015
    As the New Hampshire Retirement System engages in employer audits, we continuously identify situations where payroll reported to NHRS includes compensation elements which are not considered “earnable compensation” under 100-A:1, XVII. This can have significant repercussions to you as an employer, your employees, and your retirees.
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