Past - 2011:
Back to the Drawing Board
>» HB 2 enacted
e increases contribution rates for all members by 2% -
2.5% of payroll
° Changes benefit provisions for some current
members and all future members by:
- Increasing retirement ages and reducing benefit
formulas for non-vested and future members
- Amending definition of earnable compensation
- Increasing AFC from 3 to 5 years for some members
° Limits on working after retirement
e Changes the composition of the Board of Trustees
° Foliowed by litigation; PFFNH v State of NH (1&2)
Past - 2012-2016:
The Court Speaks
» NH Supreme Court decides in favor of the State
of NH in four separate cases
° Against the City of Concord in its claim that
eliminating the employer contribution subsidy was
effectively the imposition of an unfunded mandate
° Against PFFNH (1&2) and AFT in their claims that
increasing member contributions, revising the
definition of earnable compensation, and eliminating
or reducing benefits represented an unconstitutional
breach of contract rights
» Adopts, for the first time, the
unmistakability doctrine’
9/20/2021
