For Immediate Release: September 12, 2018
CONCORD, NH – Four new appointees recently joined the Board of Trustees of the New Hampshire Retirement System (NHRS, the retirement system).
- Melvin Friese of Manchester was confirmed as the Group I Employee member. He is an employee with the state Department of Information Technology.
- Sue Hannan of Derry was confirmed as the Group I Teacher member. She is a teacher in the Manchester School District.
- Robert Maloney of Holderness was confirmed as a public member. He is the managing member of Squam Lakes Financial Advisors, LLC, which he founded in 1982.
- Christopher C. Coates of Keene was confirmed as the county employer member. He is the Cheshire County Administrator.
NHRS is administered by a 13-member Board of Trustees that includes one employee member, one teacher member, one firefighter member, one police officer member, four employer representatives (one each representing the state, counties, schools, and municipalities), four public members, and the State Treasurer. All trustees – with the exception of the State Treasurer, who serves ex officio – are nominated by the governor for three-year terms and must be confirmed by a vote of the Executive Council. Trustees Friese, Hannan and Maloney joined the Board in August. Trustee Coates joined the Board in September.
All trustees must have familiarity with or experience in finance or business management.
A full list of trustees is available at: https://www.nhrs.org/about-nhrs/board-of-trustees
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and nearly 470 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,000 active members and 35,000 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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