CITY OF NASHUA, NEW HAMPS HIRE
REQUIRED SUPPLEMENTARY INFORMATION
SCHEDULE OF PENSION CONTRIBUTIONS
(Unaudited)
New Hampshire Retirement System
Contributions in
Relation to the
Contractually
Contractually
Contribution
Contributions as
Fiscal Required Required Deficiency Covered a Percentage of
CITY OF NASHUA, NEW HAMPSHIRE
REQUIRED SLIPPLEMENTARY INFORMA TION
SCHEDULE OF PROPORTIONATE SHARE
OF THE NET PENSION LIABILITY
(Unaudited}
New Hampshire Retirement System
Fiscal
Year
June 30, 202)
June 30, 2020
June 30, 2019
June 30, 2018
June 30, 2017
June 30, 2016
June 30, 2015
Meas urement
Date
June 30, 2020
June 30, 2019
June 30, 2018
June 30, 2017
June 30. 2016
June 30, 2015
June 30, 2014
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Required Supplementary Information
NASHUA AIRPORT AUTHORITY
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
For the Year Ended June 30, 2021
NOTE 8—CONTINGENCIES
Litigation
There may be various claims and suits pending against the Authority, which arise in the normal course of
the Authority’s activities. In the opinion of Authority management, any potential claims against the
Authority, which are not covered by insurance, are immaterial and would not affect the financial position
of the Authority.
Federal Grants
NASHUA AIRPORT AUTHORITY
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
For the Year Ended June 30, 2021
NASHUA AIRPORT AUTHORITY
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
For the Year Ended June 30, 2021
Actuarial Assumptions
The total pension liability was determined by a roll forward of the actuarial valuation as of June 30, 2019,
using the following actuarial assumptions:
Inflation 2.00%
Wage inflation 2.75% (2.25% for Teachers )
Salary increases 5.60%, average, including inflation
Investment rate ofretum 6.75%, net of pension plan investment expense,
including inflation
NASHUA AIRPORT AUTHORITY
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
For the Year Ended June 30, 2021
members, excluding contributions to separately finance specific liabilities of individual employers or
NHRS. At June 30, 2020, the Authority's proportion was approximately 0.0064 percent, which is an
increase of .0001 percentage points from its proportion measured as of June 30, 2019.
NASHUA AIRPORT AUTHORITY
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
For the Year Ended June 30, 2021
Benefits Provided
Benefit formulas and eligibility requirements for the pension plan are set by State law (RSA 100-A).
Group | benefits are provided based on creditable service and average final salary for the highest of either
three or five years, depending on when service commenced.
NASHUA AIRPORT AUTHORITY
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
For the Year Ended June 30, 2021
Weighted Average Long-Term
Asset Class Target Allocation Expected Real Rate of Retum
Domestic equity 30% 3.71-4.15%
Intemational equity 20% 3.96-6,20%
Fixed income 25% 0.42-].66%
Alternative investments 15% 4.81-7.71%
Real estate 10°%> 2.95%
Total 100%
