Study Committee tackles NH Pension Reform

By Grant Bosse on September 13, 2011

(CONCORD) A legislative study committee got to work this morning on ways to reform New Hampshire’s underfunded public pension system. The six-member panel, made up of three Senators and three Representatives, today elected Senator Fenton Groen (R-Rochester) and Representative Ken Hawkins (R-Bedford) as co-chairs, and agreed to meet every Tuesday for the next seven weeks. Groen tells New Hampshire Watchdog that he and Hawkins agree on the reform the New Hampshire Retirement System in order to keep politicians from using it to fund other popular programs.
Interview with Sen. Fenton Groen

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A Response to Dave Lang’s “Objections to the Josiah Bartlett Center Paper”

By Josh Elliott-Traficante on July 21, 2011

Mr. Lang’s objections tackle questions that are not addressed by the paper. The goal of the study was to explain the unfunded liability and its continuing growth. The paper does not make any suppositions as to the root cause of the shortfall, nor does it suggest or endorse a particular solution to the problem. Rather, it makes the following three points:

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PFF-NH: Objections to the Josiah Bartlett Center paper

By Grant Bosse on July 21, 2011

By Dave Lang, President, Professional Firefighters of New Hampshire

Overview
The Josiah Bartlett Center’s paper cites financial information for the Comprehensive Annual Financial Report (CAFR) of the New Hampshire Retirement System (NHRS) for the previous 10 years, specially identifying Pension Assets [money on hand to pay benefits], Pension Liability [Money needed over time to pay benefits] and Unfunded Liability [Money owed by employers to pay benefits.]

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Firefighter Unions objects to Josiah Bartlett Center study on pensions

By Grant Bosse on July 18, 2011

Albert McKeon reports in the Nashua Telegraph on the legal challenges to New Hampshire’s new pension laws, and includes the Josiah Bartlett Center’s latest study on the unfunded liability in the New Hampshire Retirement System.

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Pension Shortfall Growing Every Year, Now $3.7 Billion

By Grant Bosse on July 14, 2011

Police, firefighters causing more pension pressure than civilian employees

(CONCORD) A new report from the Josiah Bartlett Center for Public Policy shows that the New Hampshire Retirement System’s “unfunded liability” has increased every year for the past decade, even in years with blockbuster investment returns. As state courts take up legal challenges to New Hampshire’s new pension reform law, the report dispels the common misconceptions that the New Hampshire Retirement System operates on a pay-as-you-go basis and that the system’s growing liability was caused solely by a sickly stock market. The report also finds that unfunded liabilities owed to police and firefighters are mounting more quickly than for teachers and civilian employees.

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State House Roundup- Pensions and Vetoes

By Grant Bosse on July 14, 2011


In the Union Leader, Tom Fahey reports on Governor John Lynch’s vetoes of bills to expand the legal use of deadly force, extending the Commission on the Status of Men, and limiting local sprinkler codes.

In the print edition, Fahey chronicles the four new appointments to the NH Retirement System Board, which shifts the balance of votes from employees to employers, and could result in the Board withdrawing its lawsuit against the state’s new pension reform law.

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Governor and Executive Council reshaping NH Retirement System

By Grant Bosse on July 13, 2011

(CONCORD) New Hampshire’s Executive Council will begin reshaping the New Hampshire Retirement System this morning, as Governor John Lynch nominates six new members to the Retirement System Board. Tom Fahey reports in the Union Leader that the Council is facing pressure to confirm the new members immediately in order to squelch a lawsuit challenging the Legislature’s authority over the NHRS.

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NH Watchdog on WGIR- Independence Day Podcast

By Grant Bosse on July 5, 2011

In the Independence Day edition of NH Watchdog on WGIR, Grant Bosse and Jeff Chidester discuss a pair of legal challenges to the recently approved reforms to the New Hampshire Retirement System, argue why we shouldn’t celebrate the Fourth of July, and listen as Mayor Ted Gatsas calls in to talk about downshifting in the state budget. The podcast starts at about the 5:00 mark.



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NH Watchdog Poll- Pension Lawsuits

By Grant Bosse on July 1, 2011

Unions representing state and local workers are suing to block reforms to the New Hampshire Retirement System, arguing in part that the plan unconstitutionally reduces pension benefits for workers already on the job, but not yet vested in the system.

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NH Watchdog on WGIR- Pension Lawsuits

By Grant Bosse on July 1, 2011


Grant Bosse joins Jeff Chidester on the WGIR Morning Show to discuss the two legal challenges filed this week to New Hampshire’s new pension reform law and their potential impact on the state budget and local property taxes. Listen to NH Watchdog on WGIR at 7:40am on AM610 WGIR and listen live online at WGIRam.com.

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