Board Of Aldermen

Special Board of Aldermen 09-21-2021 Page 6

Jan Goodwin, Executive Director of NH Retirement System

Special Board of Aldermen 09-21-2021 Page 5

far the most significant changes to the pension system since it was established. In a set of changes, member
contributions were increased as a percent of pay. Several benefit provisions were reduced for non-vested active
members and for future hires. Some of the pension formulas themselves were changed so they would generate a lower
result for, you know, non-vested in future generations. It changed the composition of our Board of Trustees to bring
more employers on, you know, a huge slate of changes.

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So, you know, this is one where you could say how could this happen. | think people trying to make, you know,
reasonable decisions based on the information they had.

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The following year, and this was sort of wending parallel tracks through the courts. There was a Supreme Court case
Sununu v. NHRS and obviously Sununu the elder. The issue there was whether the Executive Council could approve
NHRS contracts for vendors, and investments, and such, and the court found that we are not an executive branch
agency and we're operating for the exclusive benefit of the members. So that sort of got us farther removed from the
hurly burly of State government in the Executive Branch.

Special Board of Aldermen 09-21-2021 Page 2
President Wilshire
No you’re fine seated. That’s fine.

Marty Karlon, Director of Communications and Legislative Affairs

A Special Meeting of the Board of Aldermen was held Tuesday, September 21, 2021, at 7:01 p.m. in the Aldermanic
Chamber and via Zoom teleconference which meeting link can be found on the agenda and on the City’s website
calendar.

President Lori Wilshire presided; Deputy City Clerk Allison Waite recorded.

Prayer was offered by Deputy City Clerk Allison Waite; Alderman Ernest Jette led in the Pledge to the Flag.

Let’s start the meeting by taking a roll call attendance. If you are participating via Zoom, please state your presence,

LEGISLATIVE YEAR 2021

RESOLUTION: R-21-169
PURPOSE: Authorizing the City of Nashua to enter an Agreement and

Consent to Joint Use with Liberty Utilities and making a
supplemental appropriation of $38,394

ENDORSERS: Alderman Patricia Klee

Budget Review Committee

COMMITTEE Planning Board
ASSIGNMENT: Board of Public Works

FISCAL NOTE: Supplemental appropriation of money received by Liberty
Utilities for a specific purpose.

ANALYSIS

Michael Richard Paradis

Melania Marcu

State of New Hampshire
County of } ss.

The foregoing instrument was acknowledged before me on this day of
2021, by Michael Richard Paradis.

Notary Public

Printed Name
My Commission Expires:

State of New Hampshire
County of } ss.

The foregoing instrument was acknowledged before me on this day of
2021, by Melania Marcu.

Notary Public

Printed Name
My Commission Expires:

LIBERTY UTILITIES
(ENERGYNORTH NATURAL GAS) CORP.

Neil Proudman, President, duly authorized
State of New Hampshire
County of } ss.

The foregoing instrument was acknowledged before me on this day of
, 2021, by Neil Proudman, President. Liberty Utilities (EnergyNorth Natural
Gas) Corp. on behalf of said corporation.

Notary Public

Printed Name
My Commission Expires:

EXECUTED by the parties the day and year first above written.

CITY OF NASHUA

Mayor James W. Donchess, duly authorized

Mayor’s authority pursuant to R-21-xxxx approved by the Nashua Board of Alderman on
XXXXXKXX.

State of New Hampshire
County of Hillsborough } ss.

The foregoing instrument was acknowledged before me on this day of

, 2021, by James W. Donchess, Mayor of the City of Nashua, a New
Hampshire municipal corporation, on behalf of the municipality.

Notary Public

Printed Name
My Commission Expires: