Legislation taking effect next year will change the laws governing New Hampshire Retirement System retirees who work part-time for retirement system participating employers. These changes also will impact how employers report retiree data to NHRS.
Information in the reports will help employers comply with new financial reporting standards.
The NHRS Board of Trustees certified employer contribution rates for fiscal years 2020 and 2021 at its meeting on September 11, 2018.
Four new appointees recently joined the Board of Trustees of the New Hampshire Retirement System.
Daniel LaPlante of Hancock was recently appointed to the NHRS Independent Investment Committee (IIC) as a public member.
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.
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.
Legislation enacted in 2018 will provide a one-time $500 payment to eligible NHRS retirees.
NHRS has developed a set of written instructions explaining how to clear some of the most common exceptions found during the monthly reporting process.
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.
Scott Myers, the city manager of Laconia, was recently appointed to the NHRS Board of Trustees as employer member.
Christine Clinton of Dublin was recently appointed to the NHRS Independent Investment Committee (IIC) as a public member.
Timothy Lesko of Hopkinton was recently appointed to the NHRS Board of Trustees as a public member.
A statutory commission charged with reviewing and making recommendations to ensure the long-term viability of the New Hampshire Retirement System issued its final report in January.
Information in the reports will help employers comply with financial reporting requirements
Employer contribution costs will not be impacted
Larry Johansen, NHRS Director of Investments, was recently recognized as one of the top 30 pension chief investment officers in the country by Trusted Insight, an investment trade publication.
My Account, the secure online portal for New Hampshire Retirement System members and retirees, is now available for new account creation following a security upgrade.
NHRS realized a 13.5% return on investments in the fiscal year ended June 30, 2017, outperforming the Total Fund benchmark return of 11.9%. At the close of the fiscal year, the retirement system’s unaudited net position held in trust was $8.29 billion, an increase of approximately $820 million over the prior fiscal year.
Authorized employers and third party administrators now have the ability to process retiree insurance authorizations and manage insurance benefit changes through the Data Reporting System (DRS). This new insurance feature will save time over the current process, where employers must submit paper forms and rely on NHRS to complete various insurance authorizations.