Today is Monday, 6th May 2024

NH: Pension Reform Bill Moves Forward

From Concord Monitor:

House and Senate lawmakers have reached an agreement on wide-ranging reforms to the state retirement system set to be voted on by both chambers tomorrow.

The pension reform bill, which affects public employees at the state and local level, has been a high priority of the Republican majority. Special committees in the House and Senate crafted separate plans before hashing out a compromise over the course of nine meetings in the past month.

Rep. Ken Hawkins, a Bedford Republican who chaired the House’s pension reform committee, was part of a team of legislators in 2008 that took an earlier stab at making the retirement system more sustainable.

“I think, after eight, nine years of working this, that we finally got some comprehensive reform,” Hawkins said yesterday.

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