Pensions

NHPR Staff

The New Hampshire Supreme Court has upheld some legislative reforms to the state retirement system, a month after upholding key provisions.

The court on Friday upheld changes to the definitions of "earned compensation" and Cost of Living Adjustments. It ruled the changes didn't retroactively reduce pension benefits earned before a law was passed, and that employees don't have a contractual guarantee that the terms of the plans will never change.

The ruling addressed a lawsuit by the American Federation of Teachers.

Ben McLeod / Flickr Creative Commons

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.

NHRS Data

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.