The New Hampshire Supreme Court has said the state can increase public employees’ pension contributions, even after workers have spent 10-plus years on the job.
The ruling reverses a Superior Court decision, which could have required the state to refund $75 million dollars in pension contributions to some 25,000 public employees.
The New Hampshire Retirement System says last year the fund that pays for the pensions of the state’s public sector works grew by only .7 percent. That was seven percent shy of what the fund’s directors hope for.
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