The New Hampshire Retirement System (NHRS, the retirement system) has released its Comprehensive Annual Financial Report, Summary Annual Financial Report, and Comprehensive Annual Investment Report for the fiscal year ended June 30, 2013. The reports are posted on the NHRS website at: http://www.nhrs.org/Investments/Reports.aspx
The retirement system’s Comprehensive Annual Financial Report provides information about the financial condition of both the pension plan and the other post-employment benefit (OPEB) plans. The report also describes various legislative and other changes that occurred during Fiscal Year 2013 and contains detailed actuarial and statistical information regarding the retirement system.
The Summary Annual Financial Report highlights the major components of the comprehensive report, such as funding, investment performance, and membership data.
The Comprehensive Annual Investment Report summarizes the retirement system’s investment results and provides an overview of significant investment initiatives. The report also summarizes the investment policy of the NHRS Board of Trustees and the investment philosophy of the NHRS Independent Investment Committee.
The New Hampshire Retirement System 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 49,000 active members and 30,000 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.