Applies the reduction of a retiree's annuity at full Social Security retirement age to group I retired state employees and teachers who retired before July 1, 2023, and had not reached full retirement age by July 1, 2025.
relative to the reduction in the calculation of state retirement annuities at age 65 for certain group I retirement system members.
The full age of retirement for social security is now almost age 67. Why should state employees' pensions be reduced at age 65? It makes no sense. Please fix this inequity by passing this bill. Thank you.
I oppose this bill
I support this bill. Please do everything you can to pass this bill.
I support HB 637
I support this bill
It's about fairness. Reducing pension benefits was designed to take into account SS benefits. Now that SS benefits are further away, that reduction simply takes money away from the economy. The NHRS's benefits have a positive impact on the state's economy. For example, in 2020, every dollar of pension paid to a New Hampshire resident generated $1.70 in local economic output. Let's pass this to be fair to retirees and to our economy.
Yes
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