New Hampshire Retirement System

Courtesy of Bankrate.com

New Hampshire is the best state in the country in which to retire. That’s according to the financial website Bankrate.com.

Its new report gave New Hampshire high marks for overall well-being, crime and healthcare quality and tax structure.

Allegra Boverman / NHPR

New projections for the labor market what skills will be needed in the Granite State. Governor-elect Sununu's business experience has grabbed the attention and hopes of business owners. Concern is rising about New Hampshire's poorly funded public employee retirement plans. 


Casey McDermott, NHPR

Retired state workers under age 65 will have to pay 5 percent more in monthly premiums beginning in January, under changes approved by lawmakers Tuesday morning.

NHPR Staff

A legislative committee is once again meeting to discuss changes to state retiree health benefits to close a $10.6 million shortfall.

It's an effort that's proved difficult as lawmakers and Gov. Maggie Hassan seek to close the hole without increasing premium costs for the state's roughly 12,000 retirees.

Sharon Morrow

 

All of the state's 12,000 retired employees will be required to pay higher prescription drug copays come Jan. 1 as part of a legislative effort to close a $10.6 million hole in the state's retiree health benefit program.

The change, approved by the joint legislative fiscal committee on Tuesday, only saves the state $2 million. The benefit program is at risk of running out of money by the end of 2016 if further changes are not made.

NHPR Staff

 

Lawmakers are preparing to make a final decision on how much to increase health care costs for the state's 12,000 retirees, in an effort to close a $10.6 million hole in the state's retiree health program.

The joint legislative fiscal committee is set to meet Friday to vote on increasing prescription drug copays and premium contributions. The same group of lawmakers pushed off the decision at last month's meeting.

The New Hampshire Retirement System says it saw gains in fiscal year 2015, though the return on investment was smaller than that of previous years.  The trust fund’s assets grew by roughly $120 million to just over $7.5 billion as of June 30th.  The 3.5% return on investment is a drop from the previous year, in which the retirement system earned over $900 million with a 17.6% rate of return.  Officials pointed toward a range of factors that complicated investments over the past year. "NHRS - like all investors -