Senate retains bill to penalize ‘double-dipping’

CONCORD — A bill that sought to penalize municipalities for hiring so-called double-dippers was retained by the state Senate but its goal is expected to be revisited by the Decennial Retirement Commission, which meets next month.

By statute, the commission will meet “on or about July 1, beginning in 2017,” in order “to make recommendations to ensure the long-term viability of the New Hampshire retirement system.” The NHRS is funded by public employees, taxpayers and returns on investments and has a $5 billion unfunded liability. The unfunded liability is the difference between money owed current and future public retirees and the funds in the pension pool. | More…

| SeacoastOnline

About Steve Mac Donald

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