News

Decennial Retirement Commission Begins Work

  • Retirees
  • Members
  • Employers

Group is tasked with making recommendations to ensure the long-term viability of NHRS



NHRS 2017 Legislative Update

07/10/2017
  • Legislation

Three bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2017 session and signed into law by the Governor. RSA 100-A is the statute governing NHRS. All three bills deal with administrative issues and do not impact contributions or pension benefit formulas.



NHRS ... Now You Know: The bottom line on alternatives

07/10/2017
  • Investments

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, “The bottom line on alternatives,” is now available.



NHRS Employer Notification: Validating XML Files

04/21/2017
  • Employer Notices

NHRS makes available to participating employers an XML Schema Verification Application that allows employers who submit monthly wage and contribution data for active members via an XML file to test whether their file is valid before uploading it. The integrity of the data NHRS receives from its employers is crucial to our ability to effectively administer retirement benefits. The XML file verification process is only the first stage of a multi-level review of employer-submitted files. Beginning April 28, 2017, the processing of XML files will be automated and employer-submitted XML files that do not match the schema will be rejected by the Data Reporting System (DRS). Previously, NHRS staff validated the files manually before moving them into the DRS, and would notify an employer if their file had issues.



Online Retirement Application, Electronic Direct Deposit Options Now Available

10/26/2016
  • Retirees
  • Members
  • Employers

The retirement system has made upgrades to its website so members can now apply for service or vested deferred retirement benefits online; and retirees now have the option to have their pension payments deposited directly into more than one account.



NH Supreme Court Rules in Pension Benefits Case

10/14/2016
  • Legislation

The New Hampshire Supreme Court released a unanimous decision yesterday that upheld several changes to NHRS benefit provisions enacted by the Legislature in 2011.



NHRS Realizes 1.0% Return on Investments in Fiscal Year 2016

10/14/2016
  • NHRS

The New Hampshire Retirement System realized a 1.0% return on investments in the fiscal year ended June 30, 2016.



Employer Notice: Shared and Loaned Employees

08/12/2016
  • Employer Notices

NHRS is aware of an increase in situations where participating employers are using shared or loaned employees. These arrangements may be structured in several ways and NHRS is still evaluating what, if any, impact this may have with respect to NHRS administration on such matters as enrollment, participation, creditable service, and “earnable compensation.” In the meantime, we strongly encourage participating employers to call NHRS for guidance when contemplating the implementation of such arrangements as any impact regarding NHRS administration is “fact specific” on a case-by-case basis.



2016 New Hampshire Retirement System Legislative Roundup

06/24/2016
  • Legislation

Three bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2016 session and signed into law by the Governor. RSA 100-A is the statute governing the New Hampshire Retirement System (NHRS, the retirement system).



NHRS Trustees Lower Assumed Rate of Return

05/10/2016
  • Board of Trustees

The Board of Trustees of the New Hampshire Retirement System voted May 10, 2016, to adopt revised actuarial assumptions based on the results of a five-year experience study conducted by its consulting actuary. In a related vote, the Board voted to reduce the retirement system’s investment assumption, lowering the assumed rate of return from 7.75 percent to 7.25 percent.



Memo to Participating Employers: Earnable Compensation

10/16/2015
  • Employer Notices

As NHRS engages in employer audits, we continuously identify situations where payroll reported to the retirement system includes compensation elements which are not considered “earnable compensation” under 100-A:1, XVII. This can have significant repercussions to you as an employer, your employees, and your retirees.



NHRS...Now You Know: 'Fiduciary: A word worth knowing'

10/15/2015
  • 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, “Fiduciary: A word worth knowing,” deals with fiduciary responsibility.



NHRS Realizes 3.5% Return on Investments in Fiscal Year 2015

10/09/2015
  • Investments

NHRS realized a 3.5% return on investments in the fiscal year ended June 30, 2015. The three-year, five-year, 10-year, and 20-year returns for the periods ended June 30, 2015, were 11.7%, 11.6%, 6.9%, and 7.8%, respectively.



NHRS Provides Expanded Guidance to Employers

09/09/2015
  • Employers

NHRS has developed as series of Interpretive Memoranda on a variety of subjects relating to the interpretation of its controlling statute, RSA 100-A. The memoranda are intended to serve as a guide for participating employers in administering the enrollment of members, reporting Earnable Compensation, and remitting contributions to NHRS.



Doing What Makes Sense for Members and Retirees

08/31/2015
  • Retirees
  • Members
  • Employers

At the New Hampshire Retirement System, the goal of regularly questioning what we do, and how we do it, is to become an even more efficient, customer-focused organization. Here is a quick look at a few of the things we’re doing to meet that challenge.



NHRS … Now You Know: ‘Looking back to move forward’

07/31/2015
  • 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, “Looking back to move forward,” deals with actuarial assumptions.



NHRS 2015 Legislative Update

07/09/2015
  • Retirees
  • Members
  • Employers

None of the nine bills related to the New Hampshire Retirement System introduced in 2015 were adopted by the New Hampshire Legislature.



NHRS Posts List of Unclaimed Member Contributions Online

06/08/2015

NHRS has added a new page to its website listing approximately 325 terminated members who left service prior to 2008 and whom NHRS has been unable to locate to return their accumulated contributions.



NHRS Deploys Email Encryption Software

06/02/2015
  • Retirees
  • Members
  • Employers

NHRS recently deployed ZixCorp email encryption software to increase protection of personal information for members, beneficiaries, and employers.



NHRS to Discontinue Mailing Member Annual Statements

05/21/2015
  • Members

Beginning in the fall of 2015, NHRS will discontinue mailing Member Annual Statements. The statements will be available online via My Account, the retirement system’s secure online portal. Click the read more link to see answers to some common questions concerning this transition.