NH Retirement Security Coalition

Pension Facts for New Hampshire

  • Benefits are modest: two-thirds of NHRS retirees receive an annual pension benefit of less than $25,000
  • New Hampshire’s annual pension costs for the state and municipalities are well below the national average
  • Each dollar paid out in pension benefits supports $1.40 in total economic activity in New Hampshire
  • Each dollar “invested” by New Hampshire taxpayers in supports $6.33 in total economic activity in New Hampshire
  • As it stands, NHRS is 60% funded. Changes were made in 2007 to correct the underfunding of the NHRS and it is set to be fully-funded by 2039

sources:


By Elizabeth Dinan edinan@seacoastonline.com Posted Dec 14, 2017 at 2:42 PMUpdated Dec 14, 2017 at 8:51 PM Seacoastonline.com  NH Legislature expected to pass bill curbing ‘double dipping’ CONCORD — A bill that seeks to limit the income of “double dipper” public pensioners is recommended by lawmakers as “ought to pass,” according to the New Hampshire Retirement System, the pension pool for police, fire, school and other public employees. In a Wednesday memo, the NHRS announced House Bill 561 was amended in the Senate Executive Departments and
A new study from NCPERS shows how little a pension fund’s funding status has to do with its ability to pay out benefits. “As long as annual contributions and investment income exceed benefit payments, pension funds can continue to operate in perpetuity regardless of their funding status. Read the Study: HERE.
By Paula Aven Gladych Published November 12 2017, 9:00pm EST www.benefitnews.com The National Institute on Retirement Security wants to set the record straight about the positive impacts defined benefit pension plans have on public and higher education. Diane Oakley, executive director of NIRS, says that there are “misleading assertions that DB pensions don’t offer incentives to retain teachers or that DB pensions force teachers to retire at early ages or they are not good for
BY BAILEY CHILDERS, OPINION CONTRIBUTOR — 10/31/17 10:00 AM EDT THE VIEWS EXPRESSED BY CONTRIBUTORS ARE THEIR OWN AND NOT THE VIEW OF THE HILL You have to give Amazon credit. In a rare public auction, the retail giant promised up to 50,000 jobs at a second headquarters, or “HQ2,” and sat back while 238 cities and states tripped over each other to offer the most lucrative tax break packages. While most of the bids have yet to
Trust fund assets stand at $8.29 billion as of June 30, 2017 For Immediate Release: October 11, 2017 Contact:  Marty Karlon, Public Information Officer, (603) 410-3594; public_relations@nhrs.org CONCORD, NH – The New Hampshire Retirement System (NHRS, the retirement system) realized a 13.5% return on investments in the fiscal year ended June 30, 2017, outperforming the Total Fund benchmark return of 11.9%. The three-year, five-year, 10-year, 20-year, and 25-year returns for the periods ended June 30, 2017, were 5.8%, 9.8%,

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Thank you to all the retirees who turned out today for the hearing on HB1756. Your words and your stories matter and hopefully your voices were heard today.

A COLA is a part of your pension you earned after dedicating your lives and careers to the state of NH, and we hope the legislature will fulfill their end of the bargain by finally granting COLAs after 8 long years!

Stay tuned for the next steps in the bills process through the legislature.
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Packed room in NH House Finance to urge the passing of HB1756 that would provide much needed and deserved COLAs for NH retirees that dedicated their lives and careers to serving the state of NH. ...

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