Category: Economy, Budget and Taxes
HB 369 (2017)
House/Senate Bill: House
Description: Extends the period to correct the unfunded liability of the New Hampshire Retirement System (NHRS) from 30 to 40 years. According to the NHRS, in the short term there will be savings in employer rates, however extending the amortization period will result in additional employer payments of $4.1 billion over the additional ten years.
Bill Sponsor: Donald "Don" LeBrun
Bill Co Sponsor: Click the "Link to Full Bill" for information
Next Hearing Date: Tue, 01/24/2017
Next Voting Date: Wed, 01/03/2018