Current Legislation

 HB1483-FN: repealing the retirement system special account.

HB1306-FN: requiring retirement system employers to make contributions for part-time employment of retired members of the retirement system.

HB1639-FN: relative to employment of certain disability retirees by retirement system employers.

HB1521-FN: relative to retired state employees group insurance participation.

SB230-FN:  relative to the calculation of average final compensation for certain retirement system members.

SB244-FN : relative to the administration of the New Hampshire retirement system.

SB246-FN: relative to the calculation of employer assessments for excess retirement system benefits.

SB228-FN: repealing the assessments for excess benefits paid by employers in the retirement system.
 

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 SB 229:     establishing a defined contribution retirement plan for public employees.

Independent actuaries found that Fenton Groen’s proposal for a mandatory Defined Contribution plan would raise costs for cities and towns, reduce benefits for retirees, and increase the retirement system’s unfunded liability.

The actuaries state that studies have shown Defined Benefit plans are a more cost efficient mechanism for providing retirement benefits for career employees.  They say that, “In all areas, over time, transitioning to the proposed Defined Contribution plan will be more expensive for the employees and employers than maintaining the current Defined Benefit plan”.

View the Actuarial Report on SB 229.