CONCORD, N.H. (AP) — New Hampshire House and Senate negotiators reached a tentative agreement on reforms to the state's public pension system on Monday that will shift more of the costs onto employees.
Negotiators settled the last two issues holding up the compromise that lawmakers could vote on Wednesday. One would limit part-time workers to 32 hours a week before they would have to contribute to the pension system. An exception was made for retired police officers hired by communities seasonally for events such as motorcycle week in Laconia.
The provision is intended to prevent double-dipping where retired police officers return to work and collect both a pension and a full-time salary.
Complete your profile to continue reading and get FREE access to BenefitsPRO, part of your ALM digital membership.
Your access to unlimited BenefitsPRO content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.