Establishes a defined contribution retirement plan for new state employee members starting July 1, 2025, requiring their enrollment while permitting certain existing group I employees to join.
establishing a state retirement plan group for new state employee members of the retirement system.
Employee retention is very important in state government. Starting salaries are low and creating a new retirement group which would have less benefits that current retirees is unfair. We need to attract good workers with good salaries, benefits, and retirement. This does the opposite.
I do not support the creation of a new retirement group III.
Please oppose this bill. It represents an waste of legislative energy. I am a retired union member. I was able to support my four sons, including one disabled, provide them with quality health care when they were growing up and have a decent retirement now because of the current structure of the SEIU and the retirement system. I loved my job. It paid less than the same job in private sector but I loved it, And thousands of NH families can say the same. What these sponsors propose can only harm the citizens of New Hampshire and dissuade good people from joining the state service, and providing great service to the citizens of New Hampshire. The service provided to citizens by the state employees today far exceeds the overall miserable quality of service by the private sector today. Stability in government matters. This is another attempt to destabilize NH government. Please use your seats in Concord in a constructive manner in line with the future interests of the majority of citizens of this state, not like this.
This is such a bad idea. People who work for the State are already receiving less money to do so. People decide to go to work for the State of NH because of the benefits. If you take away the pension benefit, the pool of prospective employees will be reduced significantly. Please vote NO on this bill. Thank you.
I oppose this bill
For the love of god, do not pass this bill. You work for me, not the other way around and I order you to oppose this bill. Stop this madness!!!!!
I cannot emphasize enough the importance of this bill. Modern employment practices favor flexible portable retirement plans. Modern governance requires budgeting simplicity and honesty. This plan is the first step to provide both. This is what competitive hiring practices look like. Pensions were a big improvement, in 1890! Budgeting during population and economic growth with borrowed money is criminally easy. Not so much when pension liability is included on the books. This changes the KickTheCan mentality and makes hiring easier for NH. Do it today. Then do the hard work of ending pension programs entirely. Make it honest.
I do not support this bill
I oppose HB581
I Oppose this bill
This provides another "retirement option" for government employees.
Creating a defined contribution retirement plan is short-sighted. It is not well thought out. Nearly four out of five benefit recipients live in New Hampshire. Unlike the proposed defined contribution plan (so-call "Group III"), defined benefit pensions provide disposable income to pensioners because they need not fear they will outlive their retirement funds. For every dollar paid out as pension benefits generates about $1.70 in local economic output. NH public employees already have the option to supplement their retirement benefits through a deferred compensation plan. This bill creates more bureaucracy, adds nothing to retirement income for retirees, and may negatively affect the NH economy. This bill should be voted as ITL and disposed of promptly.
Many State agencies are hurting for help. This bill is not going to help hire people, and now there is a hiring freeze. This makes no sense!
Oppose
I oppose this bill
The bill needs to be rewritten before final adoption. The wording is open to interpretation. Get a better labor lawyer to write it.
I oppose this bill as it will negatively impact group I and II members.
There should be a higher age limit to marriage. Age 18 should be the minimum
Position recorded without written comment.
Position recorded without written comment.
Position recorded without written comment.
Position recorded without written comment.
Position recorded without written comment.
Position recorded without written comment.
Position recorded without written comment.