Select Board votes to pursue enrollment in New Hampshire Retirement System for town employees
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Summary
The board voted to pursue enrollment in the New Hampshire Retirement System, instructing staff to move forward in the last quarter of the year to allow implementation for 2026; members noted budget implications and future sustainment questions.
The Candia Select Board voted to proceed with pursuing enrollment in the New Hampshire Retirement System (NHRS) for municipal employees, with staff directed to begin steps in the final quarter so participation could begin in 2026 if the enrollment process proceeds on schedule.
Board members discussed the anticipated cost: staff estimated an incremental municipal contribution that would amount to roughly $50,000 annually when fully implemented for the town (the figure discussed as a planning estimate). Members debated budget sustainability, retention benefits for employees and the potential impact on recruiting. Supporters said NHRS is a recognized retirement program that can aid recruitment and retention; others questioned long-term affordability and urged clarifying the number of eligible employees before final enrollment.
The motion to proceed with enrollment and administrative steps in the current year passed in a recorded vote during the meeting. Staff will present follow-up materials for budget planning and for final action as needed.