Legislature Can Change Terms At Will
“Today the New Hampshire Supreme Court ruled that the legislature never intended to create a contract with public employees when it created the New Hampshire Retirement System and designed the benefits provided by the system. The Court held that because of this, the legislature can change the design of retirement benefits at any time prior to an employee’s retirement. The decision raises many questions about how educators pension’s will be calculated and what their benefits will be upon retirement. Because of this, it is difficult to provide our members with details about benefit changes at this time.
NEA-NH leaders have already consulted with our New Hampshire Retirement Security Coalition allies and with the attorney who represented us in this case. Following a meeting on Tuesday January, 20 2015 we will be providing further interpretation of the case and inform members of our plans moving forward.
For now, it is important for members to understand that the New Hampshire Supreme Court has ruled that their pension benefits, and the amount they are required to pay for those benefits, are subject to change at the whim of the legislature.”