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NH public employees rush to retirement

May 8, 2011

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CONCORD, N.H.—Public employees in New Hampshire are rushing to retire as lawmakers debate changes in the state pension system.

The New Hampshire Retirement System says 500 public employees -- police officers, firefighters, teachers and state and municipal employees -- have filed papers to retire June 1. By comparison, since 2008 the number of public employees retiring in June has ranged from 90 to 130.

Retirement System spokesman Marty Karlon tells the Concord Monitor that many employees say they're retiring because of uncertainty in the Legislature over proposed changes in the pension system.

Both chambers of the Legislature have proposed plans that would increase the cost of pensions for public employees. The plans aim to spare property taxpayers the rising costs of funding the pension system.

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Information from: Concord Monitor, http://www.cmonitor.com