New Hampshire pension fund liability balloons in two years, with brunt of cost on taxpayers GEOFF FORESTER
Published: 3/17/2021 5:03:49 PM
Last year, Concord boosted the salaries of its police department by nearly $1 million above and beyond contractual raises.
Those pay increases carried a hidden cost through rising contribution rates to the New Hampshire Retirement System, which will compound city spending even higher.
In 2019, the city paid its officers and other police employees about $8 million in salary, overtime and other payouts. On top of that amount, Concord paid more than $2 million on behalf of police employees into the retirement system.
This July, those contributions – based on higher wages in the city’s police force and rising retirement rates – will increase by another $750,000, maybe more.
School voucher fight returns to New Hampshire House
Supporters say plan would provide solutions; opponents say vouchers take money from schools Share Updated: 6:39 PM EST Feb 2, 2021
Supporters say plan would provide solutions; opponents say vouchers take money from schools Share Updated: 6:39 PM EST Feb 2, 2021
Hide Transcript
Show Transcript CLASSROOMS HAVE TRANSFORMED AMID THE COVID-19 PANDEMIC. CHILDREN ARE RECEIVING THEIR PUBLIC EDUCATION IN VASTLY DIFFERENT WAYS, AND ADVOCATES FOR SCHOOL CHOICE SAY THEY’VE HEARD FROM A GROWING NUMBER OF PARENTS INTERESTED IN ALTERNATIVES. THEY ARE IN THEIR HOMES IN MANY CASES, STRUGGLING TO TRY AND GET TUTORS AND SUPPLIES AND INTERNET ACCESS. FOR STATE HOUSE REPUBLICANS, THE SOLUTION IS HOUSE BILL 20: LEGISLATION CREATING EDUCATION FREEDOM ACCOUNTS TO GIVE PARENTS ACCESS TO PUBLIC DOLLARS THAT COULD BE PUT TOWARD PRIVATE SCHOOLS. OPPONENTS CONTEND IT’S A RE-RUN OF THE SCHOOL VOUCHER PLAN SHOT DOWN B