Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Retirement board proposes modest employee contribution increase and new-hire changes; aldermen seek union clarity
Summary
The Manchester Employees Contributory Retirement System trustees asked the Board to support legislative changes including a 0.5% raise in employee pension contributions (from 5% to 5.5%) and benefit-structure changes for hires after July 1, 2026; aldermen pressed on union outreach, recruitment risks and who bears long-term costs.
The trustees of the Manchester Employees Contributory Retirement System presented proposed legislative changes the city should take to the 2025 New Hampshire Legislature, asking the Board of Mayor & Aldermen for a show of support.
Richard Molen, chair of the trustees, said the package aims to preserve long-term stability of the contributory system as the number of employees participating has fallen. The trustees proposed a 0.5 percentage-point increase in employee contributions (from 5% to 5.5%), which…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
