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State employees' retirement fund shows 13.5 percent return


October 16. 2017 10:02PM


CONCORD - Investments from the state employees’ retirement fund returned 13.5 percent in fiscal year 2017, with the stock market booming.

The N.H. retirement system performed better than 90 percent of its peers over 3- and 5-year periods and better than 80 percent of its peers over the 1-, 10-, 20-, and 25-year periods, according to NHRS spokesperson Marty Karlon.

The retirement system’s assumed rate of investment return is 7.25 percent.

At the close of the fiscal year, the retirement system’s unaudited net position held in trust was $8.29 billion, an increase of approximately $820 million over the prior fiscal year, which stood at $7.46 billion. This is the first time NHRS assets have exceeded $8 billion.

“While we are very pleased with this return, we continue to emphasize that our primary focus is to meet or exceed the retirement system’s assumed rate of return of 7.25 percent over the long term,” said NHRS Executive Director George Lagos. “As long-term investors, we know that we will see returns above and below our assumed rate of return.”

Detailed fiscal year 2017 financial and investment information will be included in the retirement system’s comprehensive annual financial report and comprehensive annual investment report, both due out in December.

NHRS has approximately 48,000 active members and 33,000 pension recipients.


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