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Final Retirement Bill Reached in New Hampshire
Concord Monitor
June 6, 2008
Excerpt: The New Hampshire Retirement System is $2.7 billion short on its long-term obligations, and with a funded ratio of 63 percent, it is among the worst-off public pension systems in the nation. The writers of the overhaul bill had many goals: ensuring compliance with the Internal Revenue Service code, heading off a threatened lawsuit from cities and towns over health costs, helping the poorest retirees, and shaking up the retirement system's board, which has overseen subpar investment returns over the past decade.
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