9/20/2021
Present -
What’s Important
» NIRS’ six common elements of a successful
plan:
° Employer contributions that pay the full amount of
the annual required contribution, and that maintain
stability in the contribution rate over time;
e Employee contributions to help share pian cost;
° Benefit improvements actuarially valued before
adoption and properly funded upon adoption;
Cost of living adjustments granted responsibly;
“Anti-spiking” measures in place;
° Economic actuarial assumptions that can reasonably
be expected to be achieved over the long term
o
oO
Present -
What’s Important
>» NHRS has a constitutional and statutory
foundation which is designed to protect its
financial future
° Constitutional protections of Part |, Article 36-a
assure that contribution rates are actuarially sound
and paid by employers; and, that the pension trust is
used solely for the benefit of NHRS members
e Statutory provisions of 100-A have been amended to
address structural issues which undermined the
financial security of the system
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