Adds provisions defining extra or special duty pay hours for purposes of calculating a retired part-time police officer's yearly hour limit.
relative to defining extra duty pay hours for a retired part-time police officer's hour limit for yearly calculations.
The Hampshire State Permanent Firefighters Retirement Association, has been consistently in opposition of any retiree working in excess of the number of hours associated in current law. We believe that the existing hours are too much. Lowering the hours to 20 hours a week would resolve employees working basically full-time while retired and not paying into the retirement system.
NHRS retirees are already drawing from the pension system. Allowing them to work more hours without paying into the system while collecting a NHRS pension puts the financial stability of the system at risk. Although municipalities get lower-cost workers, the taxpayers may find their community has more employees resulting in higher taxes, and the Pension System suffers as the pool of finances is being depleted. Such depletion could escalate the future burden on taxpayers and also endanger pension support for future retirees. Thank you for your consideration.
This could result in further degradation of the state pension system
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