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Senate hears proposal to restore 7.5% state contribution to public employee pensions; municipal leaders say it would lower property‑tax burden
Summary
Senate Bill 20 would have the state pay 7.5% of employer pension costs for public employees. Municipal officials and the New Hampshire Municipal Association testified in favor, saying the change would relieve property taxpayers and stem long‑term fiscal pressure created after the state cut contributions in 2011.
Senate Bill 20, introduced by Sen. Sydney Rosenwald, would direct the state to pay 7.5% of the employer cost for public‑employee pensions. Rosenwald told the Senate Finance Committee the measure is intended to provide property‑tax relief: "A lower bill for the employer's cost of the pension does mean lower burden on property taxes," she said, adding that a one‑time 7.5% payment had been made previously and that restoring an ongoing contribution would help homeowners.
The hearing featured testimony from municipal…
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