RETIREMENT FUNDING
A bill from Hampton Rep. Renny Cushing
| FYI: For decades, New Hampshire paid 35% of the retirement costs to towns for teachers, police, officers and firefighters. In 2011, the Bill O’Brien legislature cut that 35% to 0%, downshifting the costs onto local committees. When Republican legislators claim they are cutting the budget many of those cuts are pushed onto local communities
This week, a bill sponsored by State Representative Renny Cushing (D-Hampton), will come to the floor for a vote. The bill (HB 413) would raise the state contribution to the retirement system back to 15%, which will lower the burden on local communities. If you have Republican State Representatives or Senators, watch this bill and if they vote against it, call and ask why. |