NHRS has developed online validation tools to enable employers to determine the vested status of members as of December 31, 2011.
The New Hampshire Supreme Court released a unanimous decision earlier today upholding amendments to RSA 100-A – the law governing the New Hampshire Retirement System – enacted in 2007 and 2008 regarding cost-of-living adjustments (COLAs) and the definition of “earnable compensation.” As a result of the decision, the legislative changes remain in effect.
House Bill 1494, Chapter 183, Laws of 2014, made several changes to RSA 100-A to allow the New Hampshire Retirement System to administer the plan more effectively, primarily by clarifying statutory language and updating or eliminating out-of-date provisions. This release contains a summary and explanation of employer-related changes contained in the bill.
Federal regulations require the New Hampshire Retirement System to notify retirees and beneficiaries every year of their right to change their federal income tax withholding. The most recent Form W-4P filed with the retirement system automatically remains in effect, unless a new Form W-4P is filed.
The New Hampshire Supreme Court released a unanimous decision earlier today finding that New Hampshire Retirement System members do not have a contractual right to a fixed contribution rate. The decision reversed a lower court ruling that the July 1, 2011, increase to member contribution rates enacted in House Bill 2 (Chapter 224, Laws of 2011) violated the contract clause of the state and federal constitutions for “vested” members with 10 or more years of creditable service in the retirement system on or before the effective date of the contribution increase.
The New Hampshire Retirement System is issuing this notice to participating school employers to clarify the reporting of Earnable Compensation relating to certain stipends.
The New Hampshire Supreme Court recently ruled that legally separated partners are still considered spouses with regard to eligibility for New Hampshire Retirement System spousal benefits including the Medical Subsidy and the Group II (Police and Fire) Automatic Spousal Allowance.
A decision issued today (September 30, 2014) by the New Hampshire Supreme Court does not change the statutory definition of part-time employment for New Hampshire Retirement System retirees working for NHRS participating employers.
The New Hampshire Retirement System realized a 17.6% return on investments in the fiscal year ended June 30, 2014.
The New Hampshire Retirement System will discontinue mailing paper ACH advices to benefit recipients who utilize Electronic Direct Deposit (EDD).
Five bills related to RSA 100-A were enacted by the New Hampshire Legislature during the 2014 session and signed into law by the Governor. RSA 100-A is the statute governing the New Hampshire Retirement System.
House Bill 1152, Chapter 0048, Laws of 2014, repealed RSA 100-A:19, which provided a supplemental benefit of $1,250 per year to a participating call, substitute, or volunteer firefighter (“call firefighter”) who was disabled in the performance of his or her duties, or the same nominal amount to the surviving spouse of a call firefighter killed in the performance of his or her duties. The repeal is effective July 1, 2014.
The New Hampshire Retirement System now offers Group I (Employee and Teacher) and Group II (Police and Fire) online retirement application packets. These online packets include the information and forms necessary to apply for and begin receiving Service, Early, and Vested Deferred retirement benefits from NHRS.
The New Hampshire Retirement System realized a 14.5% return on investments in the fiscal year ended June 30, 2013.
Three bills related to RSA 100-A were enacted in 2013 legislative session.
Individuals who believe they may be impacted by recent US Supreme Court ruling are asked to notify NHRS.
Two bills signed into law in 2013 contain language pertaining to New Hampshire Retirement System membership eligibility for individuals elected or appointed for a fixed term to the combined positions of town clerk and tax collector.
House Bill 124, which was signed into law on July 9, 2013, affects New Hampshire Retirement System gainful occupation earnings limits for some Group II (Police and Fire) accidental disability annuitants.
The New Hampshire Retirement System recently received a question from a participating employer regarding whether members can pay both the member contributions due under RSA 100-A:16, I, and the employer contributions due under RSA 100-A:16, II and III. The retirement system is issuing this notice to participating employers to reiterate that members are not permitted to make employer contributions under RSA 100-A:16.
The impetus behind "NHRS ... Now You Know" is the recognition that there are a lot of opinions and perspectives out there surrounding public employee pensions. It’s not NHRS’ role to take sides in pension policy debates, but it would be a disservice to the public to ignore them and let the retirement system be defined by those with a particular point of view. Our goal is to improve the dialogue by laying out some key concepts and facts about NHRS in an easy-to-read format that’s accessible to a wide audience.