Legislation enacted this year grants a one-time $500 supplemental allowance to more than 20,000 eligible NHRS retirees and beneficiaries. The supplemental allowance will be issued by NHRS in late October on the same date as the monthly benefit payment.
House Bill 1535 authorized this payment for annuitants who met both of the following criteria:
- Members who retired under service, early service, disability, or vested deferred retirement on or before July 1, 2017, or any beneficiary of such member who is receiving a survivor pension benefit.
- The annual retirement allowance of the member or beneficiary as of June 30, 2022, is not greater than $30,000.
If you meet the criteria above and currently receive your regular monthly pension benefit through electronic direct deposit, this payment will be deposited into your primary account.
If you meet the criteria above and currently receive your regular monthly pension benefit through the U.S. Mail, this one-time payment will be mailed to you.
For retirees who have taxes withheld from their regular monthly benefit, federal taxes will be withheld from this payment at a ten percent (10%) rate, which is fifty dollars ($50). Retirees who have elected to have no withholding taken from their monthly benefit will not have any taxes withheld from this payment.
This is a one-time payment that does not become a permanent addition to your base pension allowance. Any additional payments or cost-of-living adjustments (COLAs) would have to be authorized through future legislation.
For more information on this payment, please visit: https://www.nhrs.org/faqs/faq-hb-1535