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NH Retirement System asks House Finance for IT upgrades, new positions and funding tied to Group 2 benefit changes
Summary
New Hampshire Retirement System (NHRS) officials told the House Finance Committee the agency seeks budget increases for IT modernization, a multi‑year strategic plan and staffing to support new software and benefit changes; the governor recommended limited general fund support tied to Group 2 benefit proposals.
The New Hampshire Retirement System (NHRS) presented its proposed two‑year budget to the House Finance Committee, citing operational needs after a major pension administration software upgrade and seeking staff and technology investments to support members and employers.
Jan Goodwin, NHRS executive director, told the committee the statutory administrative operating budget (which does not include investment-related costs) was $1.3136 million for FY25 in the materials she handed out; the system proposed budgets of $19.3 million for FY26 and $19.5 million for FY27 based on full staffing of board‑authorized positions. Goodwin said the increases are primarily driven by IT upgrades, modernization projects and salaries and benefits to support new positions aligned with a three‑year strategic plan.
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