RESOLUTION R-17-087
WHEREAS, the downshifted expenses represent a burden on the constrained budget of
the City which will require the City to reduce existing services in order to keep the budget at its
maximum allowable annual increase.
NOW, THEREFORE BE IT RESOLVED by the Board of Aldermen of the City of
Nashua that said board hereby endorses any and all efforts by the State Legislature to reduce the
burden placed on the taxpayers of Nashua by the downshifting of the costs of the retirement
system, including but not limited to:
1 - Restoring all or part of the State of New Hampshire’s portion of support to the
contributions to the fund.
2 — Extending the “get well” period to reach full funding of the trust fund to cover the
liabilities of the plan.
3 — Reducing the funding percentage target for liabilities from 100%.
4 — Increasing the anticipated rate of return on the fund.
