For Immediate Release: October 15, 2015
Contact: Marty Karlon, Public Information Officer, (603) 410-3594; email@example.com
CONCORD, NH – In an effort to inform stakeholders and other interested parties, the New Hampshire Retirement System has developed “NHRS … Now You Know,” a series of issue briefs designed to provide plain talk about some of the major topics concerning the retirement system.
The latest issue brief, “Fiduciary: A word worth knowing,” is now available at:
Here is an excerpt:
"When NHRS fiduciaries make decisions about benefit administration, investments, or any other subject that falls within their statutory responsibility, they are required to hang up any other hats they may wear and act solely in the best interests of the collective membership, not ... anyone else who might have an interest in the outcome of the decision."
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and more than 470 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,300 active members and 31,000 pension recipients. NHRS administers a defined benefit plan qualified as a tax-exempt entity under sections 401(a) and 501(a) of the Internal Revenue Code.
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