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.
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.