For Immediate Release: October 7, 2019
Contact: (603) 410-3508; email@example.com
CONCORD, NH – The New Hampshire Retirement System (NHRS, the retirement system) is issuing this notice to inform participating employers that a fixed-length file schema for reporting data on NHRS retirees pursuant to House Bill 561 (HB 561) is available for download under the retiree reporting tab on the Employer Resources page.
This fixed-length file was developed pursuant to House Bill 561 (Chapter 293, Laws of 2018), which requires employers to report to the retirement system on an annual basis information regarding NHRS retirees on their payroll, including hours worked and compensation paid.
The reporting requirement in HB 561 takes effect January 1, 2020, and reporting is due no later than February 15, 2020.
Employers are encouraged to alert their software representative that this file is available. NHRS staff is available to answer questions from employers, or from their payroll system vendors, regarding this implementation. Note: The file layout is based on the previous retiree reporting process under House Bill 342, but contains fewer required fields.
In addition to reporting via the fixed-length file, employers will have the option of reporting retiree information via web entry.
NHRS will provide additional retiree reporting training materials to employers prior to the implementation date. The retirement system has developed a list of frequently asked questions (FAQ) concerning the changes to working after retirement, which is available here.
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and nearly 470 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,000 active members and 37,000 benefit recipients. NHRS administers a defined benefit plan qualified as a tax-exempt entity under sections 401(a) and 501(a) of the Internal Revenue Code.
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