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Committee hears proposal to restore pre‑2011 pension features for public safety tiers; legal challenge noted

5028223 · June 13, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Senator Jeff Gray presented amendments that would restore higher multipliers for certain public‑safety tiers across a phased schedule; retirement system counsel warned a lawsuit in Merrimack Superior Court may affect whether the legislature should act now. Actuaries provided high‑level cost estimates.

The Committee of Conference on the biennial budget heard an extended presentation and discussion about proposed changes to the state retirement system for “group 2” public‑safety employees.

Senator Jeff Gray presented language that would restore a 2.5 percent multiplier for certain members of the system on a phased schedule. He told the committee that the amendments were intended to limit first‑biennium costs to roughly $13–$15 million per year by phasing restorations for different cohorts of workers.

Why it matters: The retirement changes would affect pension benefits for firefighters, police officers and other covered employees. Any change alters the system’s unfunded actuarial liability and could increase employer contribution requirements for municipalities and state employers.

What presenters told the committee

- Senator Jeff Gray (sponsor): Gray described a two‑step approach: partial restorations in the first biennium with additional restorations in the second biennium for different tiers (tier b and tier c public‑safety members). He also advised the committee he had received…

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