When can a NH teacher retire?
What is NH retirement age?
Do NH state employees get a pension?
NHRS is a public employee defined benefit plan providing retirement, disability, and death benefits to eligible members and their beneficiaries. Eligible members can receive a lifetime pension at retirement. The benefit is calculated based on service time and average salary using formulas outlined in state law.
How is NH retirement calculated?
Service retirement pension benefits are calculated based on three factors: (1) years of creditable service; (2) Average Final Compensation (AFC) – which is the average of a member's three or five highest-paid years (depending on vested status as of January 1, 2012) – and; (3) a benefit factor that is different for ...