News

NHRS Trustees Reduce Assumed Rate of Return

06/09/2020
  • Board of Trustees

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.



Lesko appointed as Chair of NHRS Board of Trustees

05/26/2020
  • Retirees
  • Members
  • Employers
  • Board of Trustees

Timothy Lesko of Hopkinton was recently appointed to chair the New Hampshire Retirement System Board of Trustees.



Outgoing Board Chair Recognized for Service to NHRS

04/07/2020
  • Board of Trustees

Over the past seven years, Dr. Dick Gustafson has led the Board in overseeing the operation of one of the state’s largest financial institutions, with over $9 billion in assets, 465 participating public employers, and 100,000 members, retirees, and beneficiaries. Having completed his latest term on the Board last summer, Dr. Gustafson has recently stepped down after continuing for several months in holdover status.



Two New Members Join NHRS Board of Trustees

04/06/2020
  • Retirees
  • Employers
  • Members

Two new members recently joined the Board of Trustees of the New Hampshire Retirement System.



NHRS Initiates Review of Actuarial Assumptions

12/23/2019

The NHRS Board of Trustees voted unanimously in December to initiate an actuarial experience study for the fiscal years 2016-19 period.



Recorded Instructions for HB 561 Retiree Reporting

12/17/2019
  • DRS
  • Employers

Recorded instructions for reporting calendar year data on NHRS retirees (HB 561) are now available for participating employers.



Instructions for HB 561 Retiree Reporting

12/04/2019
  • Employers
  • DRS

Written instructions for reporting calendar year data on NHRS retirees (HB 561) is available for participating employers.



NHRS ... Now You Know: Good Governance is Fundamental

11/19/2019
  • 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, “Good governance is fundamental,” is now available.



Fixed-Length File for HB 561 Retiree Reporting is Available

10/07/2019
  • DRS

Employer notice: The fixed-length file schema for reporting data on NHRS retirees pursuant to House Bill 561 is available for download.



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.



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.



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.



Four New Members Join NHRS Board of Trustees

09/12/2018
  • Board of Trustees

Four new appointees recently joined the Board of Trustees of the New Hampshire Retirement System.



NHRS 2018 Legislative Update

06/29/2018
  • Legislation

Seven bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2018 session and signed into law by the Governor.



Working After Retirement Laws to Change in 2019

06/27/2018
  • Legislation

Legislation passed in 2018 will change the laws governing NHRS retirees who work part-time for retirement system participating employers. The changes take effect January 1, 2019.



Exceptions Instructions Available to Employers

04/20/2018
  • Employers

NHRS has developed a set of written instructions explaining how to clear some of the most common exceptions found during the monthly reporting process.



NHRS Trustees Adjust Payroll Growth Assumption for Teachers

04/12/2018
  • Employers

The NHRS Board of Trustees voted unanimously to adopt a revised actuarial assumption for payroll growth for Group I teacher members in response to the continued decline in the number of active teachers.



Myers appointed to Board of Trustees

02/07/2018
  • Board of Trustees

Scott Myers, the city manager of Laconia, was recently appointed to the NHRS Board of Trustees as employer member.