Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
Make a sustaining gift today to support local journalism!

N.H. Retirement System Makes $900 Million In 2014

NHRS Data

  The New Hampshire Retirement System saw more than $900 million in investment returns added to its trust fund in the last fiscal year. That’s a return of 17.6%.

The state retirement system was holding $7.3 billion at the close of the 2014 fiscal year. That’s up from $6.5 billion in FY-2013.

Retirement system spokesman Marty Karlon says it’s exceeding its annual goals but the unfunded liability isn’t expected to be resolved until 2039.

“Right now we’re on a 30-year mortgage, if you will, to pay down the unfunded liability. And so these returns, while handy in the short term, aren’t going to have a significant impact on the funded ratio of the plan.”

The retirement system has about 50,000 active members and 30,000 pension recipients.

Before becoming a reporter for NHPR, Ryan devoted many months interning with The Exchange team, helping to produce their daily talk show. He graduated from the University of New Hampshire in Manchester with a major in Politics and Society and a minor in Communication Arts. While in school, he also interned for a DC-based think tank. His interests include science fiction and international relations. Ryan is a life-long Manchester resident.
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.