New Hampshire house votes to create new public pension system
New Hampshire's House has voted to create a new public pension system for employees, operating more like a 401(k) plan than a traditional pension.
By BenefitsPro staff|March 29, 2012 at 11:40 AM
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CONCORD, N.H. (AP) — New Hampshire’s House has voted to create a new public pension system for employees.
The House voted 197-104 Thursday against studying the idea and instead implementing a plan for public employees hired after Nov 1. The bill goes to the Senate which voted Wednesday to create a commission to study a defined contribution pension plan for public employees.
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