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Nottingham to enroll eligible town employees in New Hampshire retirement system; board starts process
Summary
The Select Board voted to start the process of enrolling eligible Group 1 town employees in the New Hampshire retirement system, with staff estimating an incremental cost during the transition and a target implementation in the fourth quarterly period.
The Nottingham Select Board voted to begin the process of enrolling eligible Group 1 town employees into the New Hampshire retirement system, with implementation steps to be coordinated by town staff.
Town staff reported there are roughly 13 full-time-eligible employees who would be affected and estimated the immediate transition cost at about $11,000 per quarter (0.25) while the town phases the change; a resident estimated that would average roughly $3,400 per affected employee based on that figure. The board discussed timing and agreed to start the formal process with a target of the fourth quarter (the board discussed an October start), noting the administrative approval by the New Hampshire retirement board will be required and may take a month or more.
Board members said the change is intended to improve hiring and retention for positions such as highway department staff. The motion to begin the process passed by voice vote. The town administrator said staff will follow through with New Hampshire Retirement System procedures and report back on exact costs and required budget adjustments.
The board recorded the vote and noted that any ongoing costs would become part of the town's default budget calculations moving into the 2027 budget cycle.
