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Pension Reform

Background

This page is no longer being updated. For ongoing coverage of this topic, go to New Hampshire Public Radio.

Latest Posts

DC Plan More Expensive Than Current DB Plan, House Report Says

Republicans have been trying to pass legislation transitioning new employees to a defined contribution retirement plan, in order to reduce the cost of the state’s retirement system. However, a report commissioned by the House subcommittee on the subject suggests the Republicans’ plan needs revision. “Total pension funding costs will rise as the State implements the […]

Pension Reform: An Introduction

Last week the House and Senate failed to agree even to create a commission to make recommendations regarding pension reform. As I set out to write this piece, I found the different plans and their costs and benefits pretty confusing. Before I could get myth-busting, I needed to learn the basics. I thought I’d lay […]

Pension Reform: Some Myth-Busters To Follow The Stalemate

Last week, a State Senate bill that initially sought to replace New Hampshire’s defined benefit (DB for short — think pension) plan with a defined contribution plan (DC for short — think 401(k)) dissolved into a stalemate.  The Senate and House were not even able to form a commission to make recommendations addressing the state’s $4.2 billion in unfunded […]

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