Retirement Funding issues

Folks, To keep you as informed as much as possible. This legislative newsletter which came my way is very interesting. Please see below

Greetings:

On Friday, March 9, NHMA's Municipal Advocacy Committee (MAC) voted unanimously to support the Retirement Working Group proposal. As we announced in the last Legislative Bulletin, the proposal is available for review and was considered at a joint meeting of MAC and NHMA's Committee on Government Affairs Friday before the vote. NHMA staff will now advocate for the elements of the proposal at the Legislature.

It is critical that all municipalities review the proposal and contact their respective legislative delegations to ask for their support of the proposal. Currently, the plan is to have the proposal drafted as an amendment to a retirement bill that is now before the House Executive Departments and Administration Committee. We do not know at this time which bill that will be.

Included here is a direct link to the LGC website Retirement Working Group Proposal which contains the proposal and explanatory documents. We will periodically update the website and add documents, such as the amendment, as they become available. You will need Adobe Reader to be able to read, save, and/or print any of it. If you do not have Adobe Reader, simply click here to download that program.