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SB 3: Pension reform (Hearing Feb. 25, 2011)

posted Feb 18, 2011, 6:38 PM by Amherst Education Association Communications
SB 3 (click here) proposes changes that would apply to both new hires *AND* current members of the NH Retirement System with fewer than 10 years of service (non-vested). These changes essentially mean you would pay more (right now and for the rest of your career), earn less (right now, for the rest of your career, and when you retire), and work longer. This bill contains many of the changes proposed in House bills, although some House legislation goes drastically beyond this proposal.