News

Member Annual Statements Available on My Account

09/11/2019
  • Members

The Fiscal Year 2019 Member Annual Statements for all NHRS members who are not yet retired have been posted to My Account, the retirement system’s secure online portal.



NHRS 2019 Legislative Update

09/10/2019
  • Retirees
  • Members
  • Employers
  • Legislation

Six bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2019 session and signed into law by the Governor.



State authorizes 1.5% cost-of-living adjustment

09/08/2019
  • Retirees
  • Legislation

House Bill 616 grants a one-time, 1.5% COLA on the first $50,000 of an annual pension benefit to members who retired on or before July 1, 2014, or any beneficiary of such member who is receiving a survivorship pension benefit. The COLA will take effect on the retired member’s first anniversary date of retirement occurring after July 1, 2020.



Additional Pay Types Includable as Earnable Compensation

08/23/2019
  • Legislation

House Bill 468 adds annual attendance stipends or bonuses to the definition of earnable compensation for all members and also enables wages paid to full-time Community College System of New Hampshire (CCSNH) faculty for teaching summer courses to be included as earnable compensation. Both changes are effective September 10, 2019.



Jean Appointed to Board of Trustees

08/22/2019
  • Board of Trustees

Benjamin Jean was recently appointed to the NHRS Board of Trustees as an employer member representing the state.



NHRS Seeks Responses to RFP for Legal Services as Investment Counsel

08/13/2019
  • RFP

The New Hampshire Retirement System has issued a Request for Proposal (RFP) for Legal Services as Investment Counsel.



NHRS ... Now You Know: Separating myth from reality

08/06/2019
  • Now You Know

In an effort to inform stakeholders and other interested parties, the New Hampshire 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 latest issue brief, “Separating myth from reality,” is now available.



Service Credit Formulas Updated for Prior Military Service, Employer Oversight

07/15/2019
  • Employers
  • Members

House Bill 675 modified the statutory cost calculation methodologies for the purchase of NHRS service credit for active service in the armed forces prior to NHRS membership and in cases of employer enrollment oversight.



NHRS ... Now You Know: Different roles, different responsibilities

04/22/2019
  • Now You Know

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 latest issue brief, “Different roles, different responsibilities,” is now available.



NHRS legislative update at crossover

04/10/2019
  • Legislation

Six bills related to NHRS have been passed by the N.H. House of Representatives in the current legislative session and have crossed over to the N.H. Senate for further action. In addition, one bill was passed by the Senate and sent to the House.



Employer Notification: 2019 Legislation with Potential Cost Impact

01/24/2019
  • Legislation

Pursuant to RSA 100-A:14, XII, the New Hampshire Retirement System (NHRS, the retirement system) is issuing this notice to inform NHRS participating employers about 2019 legislation that may have a cost impact on political subdivision employers.



Employer Notification: Monthly contribution payment deadline extended

01/23/2019
  • Employers

NHRS has extended the monthly deadline for submission of employer contribution payments. Beginning in January, contribution payments will be due to NHRS by the 25th of the month. Submission of employer data reports will remain due by the 15th of the month.



NHRS Releases GASB 68 and GASB 75 Reports for Fiscal Year 2018

01/15/2019
  • Employers

NHRS has released reports for Fiscal Year 2018 related to Governmental Accounting Standards Board (GASB) Statements No. 68 and No. 75.



Working after retirement 'Grandfathering' capability added to DRS

01/07/2019
  • Employer Notices

Legislation that took effect January 1, 2019, changed the laws governing New Hampshire Retirement System (NHRS, the retirement system) retirees working in a part-time position for retirement system participating employers.



NHRS Releases 2018 Annual Reports

12/17/2018
  • CAIR
  • Summary CAFR
  • CAFR

Financial report, summary financial report, and investment report available online.



HB 561 update: Instructions for setting 'Grandfathered' retirees in the DRS

12/17/2018
  • Employer Notices

NHRS has released written instructions on how to set “grandfathered” retirees in the Data Reporting System (DRS) beginning in January.



NHRS Member Interest Rate for Calendar Year 2019

12/11/2018
  • Members

The New Hampshire Retirement System member interest rate for calendar year 2019 will be 5.25 percent.



HB 561 update: ‘Grandfathering’ of existing retirees

11/27/2018
  • Employer Notices

Legislation passed in 2018 will change the laws governing NHRS retirees working in a part-time position for retirement system participating employers. There is a “grandfathering” provision contained in the law that allows retirees who are working part-time for NHRS-participating employers on the effective date of the law – January 1, 2019 – to work a maximum of 1,664 hours per calendar year for as long as they remain with the employer in the position they held on the effective date of the bill. NHRS is in the process of creating an online format to document grandfathered retirees. The grandfathering portal will not be available until after January 1, 2019.



Where we’ve come from, where we’re headed

11/15/2018
  • Employers
  • Retirees
  • Members

A letter from the Executive Director: It has been some time since I shared an open letter with our members, retirees, beneficiaries, and other stakeholders. With the conclusion of the Decennial Commission in January 2018, and of our most recent fiscal year on June 30, I thought a look back at the significant changes made to NHRS over the past 10-plus years would be worthwhile. Overall, the retirement system is in a much better position today than it was a decade ago, however, our journey is far from over.



NHRS Realizes 8.9% Investment Return in Fiscal Year 2018

10/11/2018
  • Investments

NHRS realized an 8.9% return on investments in the fiscal year ended June 30, 2018, outperforming the Total Fund benchmark return of 7.8% and the retirement system’s assumed rate of investment return of 7.25%. At the close of the fiscal year, the retirement system’s unaudited net position held in trust was $8.87 billion, an increase of $581 million over the prior fiscal year.