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When it comes to the New Hampshire Retirement System (NHRS), Sen. Jeb Bradley (R-Wolfeboro) is ready for a major overhaul. He believes the situation demands prompt and decisive action.
“We need to get people off the dime,” Bradley told Front Door Politics shortly after he released details of his retirement system overhaul proposal late last week. “The problems are immense and the longer we wait, the worse it becomes.”
Sen. Jeb Bradley (R-Wolfeboro) will soon release his plan for a major overhaul of the NH Retirement System.
The measure will be known as Senate Bill 3. Bradley says it will be introduced within the next two weeks and it will require a detailed financial actuarial analysis by the NHRS. Bradley says it the bill is designed to stabilize and build up a retirement fund that is currently underfunded by an estimated $4.75 billion.
January 31st, 2011 | Posted in agencies & departments,cities & towns,Government,retirement,state budget,state employees,state employees,Weekly Briefing,Work | Read More »
Be honest: How well do you really understand the New Hampshire’s budget? What’s the difference, for example, between the general fund and education fund budget lines? How much is the state debt? How is the ten-year highway plan funded?
Don’t feel discouraged if the answers elude you. Even an avowed budget expert like Charlie Arlinghaus, president of the Josiah Bartlett Center for Public Policy, admits he needs refresher points to keep up with budget developments. In an effort to help everyone — lawmakers, policy makers, the general public and media organizations such as Front Door Politics — better understand the mysteries of the state budget, The Josiah Bartlett Center for Public Policy is holding its annual “Budget 101” seminar Thursday at the State House.
January 26th, 2011 | Posted in bonds,Government,retirement,roads & highways,state budget,state employees,state employees,tolls & taxes,Transportation,Weekly Briefing,Work | Read More »
Public employees and unions are keeping a close eye on big changes to the New Hampshire Retirement System that could be coming down the pike — and on a newly created House committee on pension reform.
When the recession hit, the state’s public employee pension system was already battered from a decade of chronic underfunding. Now, lawmakers are looking for ways to deal with more than $3 billion in unfunded liabilities for future retirees. The pension system serves over 75,000 active and retired teachers, fire fighters, police officers and public employees from more than 450 New Hampshire municipalities.
January 21st, 2011 | Posted in Government,retirement,state budget,state employees,state employees,Weekly Briefing,Work | Read More »
Fairness was in the eye of the beholder at the State House last Wednesday when the N.H. House and Senate grudgingly voted in the 2010-11 budget. House Bills 1 and 2 contain the state’s General Fund spending and revenue, respectively. Earning few cheers, the legislation has been called everything from a legitimate compromise doing the “least possible harm” to an illegal “dung heap” along the way.
June 27th, 2009 | Posted in By the Issues,Commerce,Education,gambling,Government,Money,retirement,state budget,state employees,taxes,Work | Read More »
New Hampshire is one step closer to its budget for the next two years, although it still may be a long way off.
June 23rd, 2009 | Posted in By the Issues,charter schools,Commerce,Education,funding,gambling,Government,Health,hospitals, clinics, nursing homes,Justice,Medicaid,prisons & jails,recidivism,retirement,state budget,state employees,taxes,Work | Read More »
A last-minute amendment to a study bill has spiced up its public hearing in the House. Senate Bill 132 would fold several state agencies into a newly created Department of Natural and Cultural Resources. Also: advance notice of impending layoffs, and unemployment benefits in the form of entrepreneurship assistance.
April 19th, 2009 | Posted in agencies & departments,By the Issues,Commerce,Government,jobs & unemployment,small business,state budget,state employees,state employees,Work | Read More »
