Wednesday, August 4, 2021


The youngest students along with faculty and staff will need to mask up in states like New Mexico; and President Biden calls for New York Gov. Andrew Cuomo to resign following a report on sexual harassment.


Gov. Andrew Cuomo reacts to sexual harassment report; CDC places new limits on evictions until October; and a new study finds Democrats could lose control of US House in 2022 due to Republican gerrymandering.

Solutions to Rising Retirement Costs Could Involve Public Employees, Retirees


Thursday, March 25, 2021   

CONCORD, N.H. -- Cities and towns are struggling to keep up with increases in the amounts they're tasked with contributing to the state retirement system, and advocates for pensions argue retirees need a seat at the table.

After decades of underfunding, New Hampshire passed a law in 2018 to require the New Hampshire Retirement system to fully pay back its debt, what's called "unfunded liability," which is now roughly $6 billion, within 20 years.

Brian Ryll, president of the Professional Fire Fighters of New Hampshire, pointed out municipalities may need to increase property taxes to help bring down that debt.

"You look at what the taxpayers had to endure financially because of the global pandemic, downshifting additional costs based on an increase in employer rates is only going to hurt them worse," Ryll contended.

Currently, more than 80% of employer contributions go straight to the unfunded liability rather than into benefits for current retirees. When the debt is paid off, cities, towns and school districts will all be able to provide retirement benefits at just 18% of what they're paying now.

Part of what led to the underfunding were lower-than-expected returns on investments by the Independent Investment Committee, charged with growing the retirement system's funds.

Ryll noted the committee does not have any retired voting members, and the Retirement System Board of Trustees in 2011 reduced employee representation by half.

"When you look at benefits and benefit decisions and investments and investment allocations, it's extremely important to have somebody who has a vested interest in this be a part of the decision-making process," Ryll asserted.

Research has shown when retirement systems are managed by those who rely on their benefits, they often report higher returns.

Ryll confirmed he's seen that with the Professional Fire Fighters of New Hampshire's own retirement plan, which he claimed has higher returns because it's managed by firefighters for firefighters.

get more stories like this via email

Unilever, the parent company of Ben & Jerry's, could land on a list of more than 60 blacklisted companies prohibited from doing business with the State of Florida. (Stevepb/Pixabay)

Health and Wellness

TALLAHASSEE, Fla. - Gov. Ron DeSantis is promising to block any state money from going to the parent company of ice-cream maker Ben & Jerry's unless …

Social Issues

LAS VEGAS - Las Vegas is trying to make it easier for people experiencing homelessness to get to their appointments with social service agencies by in…


BILLINGS, Mont. - Montanans are being challenged this month to eat locally grown foods, every day of August. The Northern Plains Resource Council is …

Arkansas Advocates for Children and Families is also asking the Arkansas Legislature to reconsider Act 977, which bans state and local officials from mandating COVID-19 vaccinations. (Adobe Stock)

Social Issues

LITTLE ROCK, Ark. -- COVID-19 has given a whole new meaning to the term "Extraordinary Session," as state lawmakers are in Little Rock again today to …

Health and Wellness

SEATTLE - Speaking to folks who are hesitant about getting the COVID-19 vaccine has gained a new sense of urgency as the Delta variant pushes cases up…

Ayolanda Evans Mack of the group Protect Minnesota is at the helm of a new documentary about what it would take to rid a community of gun violence. (Black Light Media)

Social Issues

MINNEAPOLIS - Cities such as Minneapolis are getting attention over waves of gun violence in recent months. A statewide group hopes a new documentary …

Social Issues

FARGO, N.D. -- The people behind efforts to recall four Fargo School Board members have until August 25th to collect signatures. Ahead of that …

Social Issues

By Katie Fleischer for Ms. MagazineBroadcast version by Lily Böhlke for Tennessee News Service/Public News Service NASHVILLE, Tenn. -- After …


Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member and audience-supported news source since 1996 Copyright 2021