How member interest is credited

Apr 17, 2018

In an effort to inform stakeholders and other interested parties, the 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 issue brief, “How member interest is credited,” is available here.

Here is an excerpt: “Under state law, a calendar year interest rate on member accumulated contributions is set annually at 2 percentage points less than either the most recent Board of Trustees’ approved assumed rate of investment return – currently 7.25 percent – or the actual rate of return for the preceding fiscal year, whichever is lower.”