The New Hampshire Retirement System: A Look Backward and Forward

58 Pages Posted: 23 Feb 2018 Last revised: 27 Feb 2018

See all articles by Jean-Pierre Aubry

Jean-Pierre Aubry

Boston College - Center for Retirement Research

Caroline Crawford

Boston College - Center for Retirement Research

Date Written: February 1, 2018

Abstract

Since 2007, backloaded amortization schedules and investment returns below the assumed return (mostly during the financial crisis) added to the unfunded liability for NHRS and increased costs. However, because NHRS is a relatively small retirement system and employers do not contribute much toward the normal cost for ongoing employee benefits earned each year, total employer contributions to the System are relatively modest in comparison to the national average. Given the relative affordability of current pension costs, the report suggests two changes to NHRS that would likely increase costs today but would reduce the risk that poor investment returns and/or a backloaded funding policy could significantly increase costs or reduce the funded ratio down the road.

Suggested Citation

Aubry, Jean-Pierre and Crawford, Caroline, The New Hampshire Retirement System: A Look Backward and Forward (February 1, 2018). Available at SSRN: https://ssrn.com/abstract=3122659 or http://dx.doi.org/10.2139/ssrn.3122659

Jean-Pierre Aubry (Contact Author)

Boston College - Center for Retirement Research ( email )

Fulton Hall 550
Chestnut Hill, MA 02467
United States

Caroline Crawford

Boston College - Center for Retirement Research ( email )

Boston, MA
United States

Register to save articles to
your library

Register

Paper statistics

Downloads
6
Abstract Views
133
PlumX Metrics