CONCORD – Republican Gov. Chris Sununu issued a news release Tuesday praising his approval of transferring $26 million to the New Hampshire Retirement System as a Group II retirement system, but Democrats quickly called it He responded that he supported the bill that would make this a reality.
“New Hampshire has made a commitment to police officers, firefighters, and corrections officers to address retirement system benefit disparities and ensure that New Hampshire can attract new talent to these fields,” Sununu said. ” he said.
“The disparity in benefits for first responders was created by Republicans in 2011, but Republicans have refused to fix it for more than a decade, leaving behind hardworking workers in our communities,” said House Democratic Leader Matt Wilhelm of Manchester. “The hard-working police and firefighters who work in the country will be stripped of their hard-working jobs.” Earned severance pay.
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“House Democrats have fought for years to fully represent this class of public safety professionals, which is why Congressman Peter Leishman’s (D-Peterborough) bill was finally signed into law. I’m very happy about that,” Wilhelm said.
Mr. Sununu signed HB 1647 on July 19, 2024, regarding the calculation of Group II retirement benefits in retirement plans.
New Hampshire is ranked number one in the nation for public safety. Sununu said today’s one-time transfer of $26 million from the general fund will close that gap.
Note: New Hampshire Retirement System’s FAQ document regarding Group II can be found here.
