CONCORD, NH – Governor Chris Sununu on Friday signed HB 616, relative to a cost of living adjustment for retirees in the state retirement system, with lawmakers, retired state employees, advocates, and members of the NH retirement security coalition.
“For nearly 10 years, our state’s retirees have been without an actual cost of living adjustment that directly goes towards the base payment of their benefits,” said Governor Chris Sununu. “The time to act is now – and that’s what we have done with today’s bill signing.”
“Our members worked hard to push HB 616 across the finish line,” said Bill McQuillen, President of the Professional Fire Fighters of New Hampshire and Chairman of the NH Retirement Security Coalition. “As the cost of everyday items such as food, medicine, and housing has increased over the last decade, retired public employees are having trouble keeping up. HB 616 was much-needed and we thank the legislature for their leadership in making this legislation a reality. Governor Sununu‘s recognition of the promise made to public employees exudes political courage, and we look forward to our future work on retirement security.”
“This legislation will provide relief to our retired public employees whose benefits are no longer sufficient to meet their basic needs,” said Representative Dianne Schuett.