Allegra Boverman for NHPR


House Speaker Shawn Jasper is making pension reform a priority of the new legislative session by creating a 14-member committee to study the system that provides retirement benefits for public employees.

New Hampshire's public pension system faces a $4.5 billion unfunded liability and Republicans want to reform the system. Jasper announced the committee Wednesday and appointed Rep. David Hess, a Hooksett Republican, as chairman.


  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 Pension Plan Backed by NH House

May 16, 2012

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.