The New Hampshire Retirement System saw more than $900 million in investment returns added to its trust fund in the last fiscal year. That’s a return of 17.6%.
The state retirement system was holding $7.3 billion at the close of the 2014 fiscal year. That’s up from $6.5 billion in FY-2013.
Retirement system spokesman Marty Karlon says it’s exceeding its annual goals but the unfunded liability isn’t expected to be resolved until 2039.
New Hampshire's House has voted to move ahead with a new public pension system for state employees and wants the Senate to reconsider its decision to study the issue instead.
2 Pillsbury Street, 6th Floor, Concord NH 03301 T: 603-228-8910 or 800-639-4131 F: 603-224-6052 E: email us