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Critics pan NH bill creating new pension system

Critics of a proposal to create a new public pension system urged New Hampshire lawmakers Thursday to spend more time studying the idea, warning that the planned changes could make it more difficult to recruit and retain good employees.

By Norma Love | Updated on February 06, 2012

CONCORD, N.H. (AP) — Critics of a proposal to create a new public pension system urged New Hampshire lawmakers Thursday to spend more time studying the idea, warning that the planned changes could make it more difficult to recruit and retain good employees.

State Sen. Fenton Groen’s bill to create a defined contribution plan for workers hired beginning Nov. 1 could dilute pensions that police and firefighters received, Assistant Safety Commissioner Earl Sweeney warned.

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