Play Live Radio
Next Up:
0:00 0:00
Available On Air Stations
Support NHPR's local journalism that brings clarity, context, and community!

NHRS: Last Year Tough for the Pension Fund


The New Hampshire Retirement System says last year the fund that pays for the pensions of the state’s public sector works grew by only .7 percent. That was seven percent shy of what the fund’s directors hope for.

People at the New Hampshire Retirement System are quick to point out that investment returns from year to year can fluctuate widely. Case in point: spokesperson Marty Karlon says, during the previous fiscal year the NHRS grew by 23 percent.

Karlon: We’re looking at about 11.8 percent over the three year, so taking one year at a time whether it’s a great year or a difficult year, it’s kind of hard to use that one year without looking at the big picture.

Karlon says last year’s poor returns can be blamed on unstable market conditions caused by events like the debt ceiling showdown and the ongoing European debt crisis.

Since 1992, the fund has averaged 7.8 percent, which is just better than what the NHRS funding formula hopes for.

Sam Evans-Brown has been working for New Hampshire Public Radio since 2010, when he began as a freelancer. He shifted gears in 2016 and began producing Outside/In, a podcast and radio show about “the natural world and how we use it.” His work has won him several awards, including two regional Edward R. Murrow awards, one national Murrow, and the Overseas Press Club of America's award for best environmental reporting in any medium. He studied Politics and Spanish at Bates College, and before reporting was variously employed as a Spanish teacher, farmer, bicycle mechanic, ski coach, research assistant, a wilderness trip leader and a technical supporter.
Related Content

You make NHPR possible.

NHPR is nonprofit and independent. We rely on readers like you to support the local, national, and international coverage on this website. Your support makes this news available to everyone.

Give today. A monthly donation of $5 makes a real difference.