Legislative Alerts and Calls to Action
In addition to the legislative activity presented in the weekly Legislative Bulletin, NHMA also issues legislative alerts when timely notice to members is required, and immediate action by members is critical for legislative success. When NHMA issues a Legislative Alert or Call to Action via email, content is published simultaneously to this page.
Pension Alert, August 5, 2011
Retirement System Board Recertifies Rates, Effective August 1
As you may have read by now, the Board of Trustees of the New Hampshire Retirement System, in a special meeting yesterday, voted to recertify employer contribution rates for the fiscal years ending June 30, 2012 and 2013, as directed by the legislature in HB 2. The new rates are effective as of August 1, 2011, so they apply to all earnable compensation paid on or after that date.
The new rates are as follows, for both fiscal years:
| Group I | Employer Rate |
| Employees | 8.80% |
| Teachers | 11.30% |
| Group II | Employer Rate |
| Police | 19.95% |
| Fire | 22.89% |
Please note that these are essentially identical to the rates estimated in the Pension Alert that we sent on June 30. The board also voted to approve a method for allocating the $3.5 million that the legislature authorized to be paid toward employer contributions for teachers, police, and firefighters for fiscal year 2012. That amount will be allocated pro rata among political subdivisions based on their 2011 payments. The payments will be made by the state (not the Retirement System) to each political subdivision. The Retirement System staff indicated that it should be possible to make those payments by October at the latest.
For further information, please refer to the notice New NHRS Employer Contribution Rates posted on the NHRS website. If you have related questions, call NHMA at 800.852.3358 or email us.