For Immediate Release: December 17, 2019
Contact: (603) 410-3532, firstname.lastname@example.org
CONCORD, NH – The New Hampshire Retirement System (NHRS, the retirement system) is issuing this notice to inform participating employers that recorded instructions for reporting calendar year data on NHRS retirees are available at: https://www.nhrs.org/employers/employer-resources
These instructions were developed pursuant to House Bill 561 (Chapter 293, Laws of 2018), which requires employers to annually report to the retirement system information regarding NHRS retirees on their payroll, including hours worked and compensation paid. NHRS released written instructions for retiree reporting two weeks ago.
The reporting requirement takes effect January 1, 2020, and reporting is due no later than February 15, 2020. The retiree reporting portal on the NHRS Data Reporting System (DRS) will be available beginning on January 2, 2020.
There are specific written and recorded instructions for:
- Reviewing “grandfathered” retirees who were employed on or before January 1, 2019, and, if needed, removing retirees from the list.
- Reporting annual hours worked and compensation paid via web entry.
- Reporting annual hours worked and compensation paid via file upload.
- Reporting that an employer did not employ any retirees in the calendar year.
In addition to the instructions, NHRS has developed an updated list of frequently asked questions (FAQ) specifically for employers that deal with reporting, grandfathering, and general application of the working after retirement statutes.
Employers with additional questions about retiree reporting may contact NHRS at email@example.com or (603) 410-3532.
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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