$500 one-time Payment to Bring Relief to Certain Retirees

For Immediate Release

Contact: Casey McCabe, info@nhretirementsecuritycoalition.com

August 17, 2018

$500 one-time Payment to Bring Relief  to Certain Retirees

This week and next will bring some relief to certain retirees as the NH Retirement System announced on Wednesday they would begin issuing the $500 one-time payment as passed in HB1756 during the 2018 legislative session. These checks will be issued to retirees with at least 20 years of service, who have been retired for at least 5 years, and whose current benefit does not exceed $30,000.

The NH Retirement Security Coalition, with the help of bipartisan support in the House and the Senate led the fight for a cost of living increase for ALL retirees. It was a momentous occasion for the NH legislature to finally recognize, after 10-long years, that its retirees were well overdue for some type of cost of living adjustment. The bill in its original form would have provided this one-time payment to a larger population of retirees and would have also provided a compounded COLA of 1.5% for all retirees.

Through the legislative process, the bill as signed by Governor Sununu only provided this one-time payment to about 8,000 of the retired teachers, fire fighters, police officers, and state and municipal employees of New Hampshire. While it was a step in the right direction, many retirees were left out and will still see no relief from risings costs of living and health care.

The NH Retirement Security Coalition would like to thank the legislators from both sides of the aisle who supported this effort and we look forward to working with all those returning in 2019 to bring affordable, sustainable, and necessary relief to ALL retirees no matter their current retirement status or benefit level. Risings costs of living and health care effect all of the nearly 50,000 retirees within the NH Retirement System and the Coalition will use the next legislative session, as it always does, to advocate for every single retiree who dedicated their lives and careers to the great state of NH.

For more information directly from NHRS please visit: https://www.nhrs.org/read-more/

 

If you’re interested in speaking with a spokesperson from the New Hampshire Retirement Security Coalition, please contact Casey McCabe at info@nhretirementsecuritycoalition.com

 

Members of the NH Retirement Security Coalition include:

American Federation of State County and Municipal Employees Council 93

American Federation of Teachers – New Hampshire

National Education Association – New Hampshire

New Hampshire American Federation of Labor and Congress of Industrial Organizations

New Hampshire Police Association

New England Police Benevolent Association

New Hampshire Retired Educators Association

New Hampshire School Administrators Association

New Hampshire Higher Education Union – a division of IBEW Local 2320

New Hampshire Troopers Association

Professional Fire Fighters of New Hampshire

State Employees Association of New Hampshire – SEIU Local 1984

Teamsters Local 633

 

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The NH Retirement Security Coalition represents the 78,000 active and retired members of the NH Retirement System. Their mission is to protect the structure and solvency of New Hampshire Retirement System (NHRS), and the public pensions that support thousands of retirees, small businesses, and middle-class families.

 

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