Ken Merrifield was recently appointed to the NHRS Board of Trustees as an employer member representing the state.
The NHRS Board of Trustees has named Jan Goodwin to lead the retirement system as Executive Director, effective April 1, 2021. Goodwin is joining NHRS after leading the New Mexico Educational Retirement Board (NMERB) since 2008. She replaces George Lagos, who is retiring March 1.
NHRS has become aware of an email from a third-party encouraging members to sign up for a free “retirement planning review with a Public Employee Retirement Adviser.” THIS EMAIL IS NOT FROM NHRS.
NHRS is issuing this notice to inform NHRS participating employers about legislation that may have a cost impact on political subdivision employers.
As part of its ongoing commitment to provide superior customer service, NHRS has created a contact center to more efficiently address inquiries from members and benefit recipients.
Andrew Martineau was recently appointed to the New Hampshire Retirement System Board of Trustees as the firefighter member.
The retirement system has released its Comprehensive Annual Financial Report, Summary Annual Financial Report, and Comprehensive Annual Investment Report for the fiscal year ended June 30, 2020.
The New Hampshire Retirement System member interest rate for calendar year 2021 will be zero percent.
NHRS has again been recognized by the Government Finance Officers Association of the United States and Canada for its annual financial reports.
NHRS realized a 1.1% return on investments in the fiscal year ended June 30, 2020. The three-year, five-year, 10-year, 20-year, and 25-year returns for the periods ended June 30, 2020, were 5.2%, 5.9%, 8.7%, 5.4%, and 7.5%, respectively. All returns are net of fees. The retirement system’s assumed rate of investment return is 6.75%.
Beginning in March, I have been providing periodic stakeholder messages on how NHRS is handling the ongoing challenges presented by the COVID-19 pandemic.
The intent of these communications is to provide assurances that the retirement system is committed and able to fulfil its mission statement, “To provide secure retirement benefits and superior service,” while also protecting the well-being and safety of our members and our staff.
Executive Director George P. Lagos will retire from NHRS effective March 1, 2021, after leading the retirement system for nine years.
The Fiscal Year 2020 Member Annual Statements for all New Hampshire Retirement System members who are not yet retired have been posted to My Account, the retirement system’s secure online portal.
The NHRS Board of Trustees certified employer contribution rates for fiscal years 2022 and 2023 at its regular meeting on September 8, 2020.
NHRS responds to a recently received inquiry regarding the membership eligibility of retired teachers who are willing to sign contracts to teach as long-term, full-time substitutes for the 2020-21 school year.
Since the outset of the coronavirus outbreak, NHRS has remained focused on our mission statement, “To provide secure retirement benefits and superior service,” as well as on protecting the well-being and safety of our members and staff.
The NHRS Board of Trustees voted to adopt revised actuarial assumptions based on the results of a four-year experience study conducted by its consulting actuary. In an accompanying vote, the Board voted to reduce the retirement system’s investment assumption, lowering the assumed rate of return from 7.25 percent to 6.75 percent.
Timothy Lesko of Hopkinton was recently appointed to chair the New Hampshire Retirement System Board of Trustees.
Governor Sununu issued an executive order effective April 24, 2020, that waived the 28-day separation from service for new retirees for the duration of the current state of emergency and any subsequent extensions.
The Executive Director provides an update on where NHRS stands as the state begins to re-open and we slowly begin to move into a new phase of the COVID-19 outbreak.