Unfunded Liability
$8.42B
actuarial shortfall
FY2023 data · Public Plans Database
New Hampshire Retirement System
Everything the Public Plans Database tracks for New Hampshire Retirement System: funded ratio, unfunded liability, membership, and 23 years of financial history, compiled by Boston College CRR and checked against actuarial valuations.
By PlainPension · · New Hampshire · General State Plan · Data through FY2023
- Funded ratio
- 57.6%
- Health grade
- DLower reported funded ratio in this dataset
- Market assets
- $11.46B
- Members
- 95,458
According to the Public Plans Database, compiled by the Boston College Center for Retirement Research, New Hampshire Retirement System is one of 197 public pension plans tracked nationwide. The plan card reports FY2023 valuation figures; the multi-year table includes FY2024 where PPD published it; this site’s database copy was last loaded in July 2026. See our methodology for the full source and update cadence.
Total Members
95,458
active + retired + vested
1-Year Return
2.5%
net investment return
-3.8pp vs 5-yr avg
5-Year Avg Return
6.3%
annualized, net of fees
How New Hampshire Retirement System Funded Ratio Compares
Plan Funded Ratio 57.6%
National avg
A ratio of 57.6% compared against the national public-pension average of 75.5%.
Healthy Threshold
Plans above 80% are generally considered adequately funded by NASRA standards.
Participant Composition
The active-to-retiree ratio is a leading indicator of long-term plan sustainability, plans with more retirees than active contributors face mounting cash-flow pressure as benefit payments outpace incoming contributions.
Investment Policy Mix
Public pension plans report their asset allocation in their annual CAFR and actuarial valuation. Equity-heavy mixes capture market upside but introduce volatility; fixed-income tilts protect funded status during downturns at the cost of long-run return.
Historical Funded Ratio
| Year | Funded Ratio |
|---|---|
| 2024 | 55.3% |
| 2023 | 57.6% |
| 2022 | 57.7% |
| 2021 | 59.0% |
| 2020 | 61.1% |
| 2019 | 62.9% |
| 2018 | 64.9% |
| 2017 | 67.5% |
| 2016 | 69.6% |
| 2015 | 75.0% |
| 2014 | 75.1% |
| 2013 | 72.7% |
| 2012 | 73.2% |
| 2011 | 79.2% |
| 2010 | 80.4% |
| 2009 | 83.0% |
| 2008 | 85.9% |
| 2007 | 86.8% |
| 2006 | 85.3% |
| 2005 | 84.9% |
What the Data Says About New Hampshire Retirement System
New Hampshire Retirement System reports a funded ratio of 57.6% as of fiscal year 2023, earning a financial health grade of D in the Public Plans Database. The plan holds $11.46B in market assets against an unfunded liability of $8.42B. As a General State plan operating under New Hampshire sponsorship, it covers 95,458 members (48,589 active contributors, 43,603 retirees drawing benefits).
New Hampshire Retirement System's funded ratio lands close to the middle of the national distribution, 18 points below the 75.5% national average across tracked plans. A 5-year average investment return of 6.3% factors into the plan's overall trajectory.
For New Hampshire taxpayers and plan members, the $8.42B unfunded gap is the actuarial shortfall this plan must close over time.
Where this data comes from + how funding gaps get resolved
These figures come from the Public Plans Database, a collaboration between the Boston College Center for Retirement Research and NASRA that compiles them from each plan's Comprehensive Annual Financial Reports (CAFRs) and actuarial valuations. The relationship between contribution adequacy and investment performance determines whether an unfunded liability narrows or expands year over year, and the gap itself is typically closed through some combination of higher contributions, investment returns, or benefit modifications. See our methodology for how public-pension funding differs from ERISA-backed private plans, and our disclaimer below before acting on this data.
Membership
48,589
Active Members
43,603
Retirees
95,458
Total Members
Plan Details
- Plan Type
- General State
- State
- New Hampshire
- Market Assets
- $11.46B
Source: Public Plans Database (PPD)
Boston College CRR / NASRA
Boston College CRR / NASRA
Plans With a Similar Funded Ratio
The closest plans nationwide to New Hampshire Retirement System's 57.6% funded ratio.
Other New Hampshire Plans
All New Hampshire plans →Frequently Asked Questions
Is New Hampshire Retirement System fully funded?
New Hampshire Retirement System has a funded ratio of 57.6% as of FY2023, earning a health grade of D. A funded ratio measures reported actuarial assets relative to reported accrued liabilities. It is useful context, but it cannot on its own predict future contributions, benefits, or public-policy decisions.
What happens if New Hampshire Retirement System runs out of money?
Public plans are governed under state and local rules that differ by jurisdiction. The PPD figures shown here are financial data, not a finding about benefit security or taxpayer obligations.
What does a funded ratio of 57.6% mean?
A funded ratio of 57.6% means that New Hampshire Retirement System currently has assets equal to 57.6% of its projected benefit obligations. The unfunded liability, the gap between assets and liabilities, stands at $8.42B. This level of underfunding typically requires corrective action such as increased contributions or benefit restructuring.
How does New Hampshire Retirement System compare to other public pensions?
New Hampshire Retirement System is a General State plan in New Hampshire serving 95,458 members. Nationally, the average funded ratio for public pension plans tracked by the Public Plans Database is approximately 75.5%. New Hampshire Retirement System's funded ratio of 57.6% places it below the national average, indicating elevated fiscal pressure.
How many members does New Hampshire Retirement System have?
New Hampshire Retirement System covers 95,458 total members, including 48,589 active employees and 43,603 retirees currently receiving benefits. The ratio of active members to retirees is a key indicator of plan sustainability, when the number of retirees grows relative to active contributors, funding pressure increases.
Related
Data sourced from official Public Plans Database and actuarial valuations from federal and state pension systems. See our methodology for details. Retrieved and formatted by PlainPension
Disclaimer: This information is provided for informational purposes only and does not constitute professional advice. Data is sourced from the Public Plans Database (PPD). Consult a qualified professional before making decisions based on this data.
Read our methodology - how this data is sourced, computed, and verified.
Data sources used on this page
- Public Plans Database (PPD) - funded ratios, assets, liabilities, and member counts for US state and local public pension plans, maintained by the Boston College Center for Retirement Research with MissionSquare Research Institute and NASRA. publicplansdata.org
- NASRA - National Association of State Retirement Administrators public-pension actuarial and policy references. nasra.org
Every figure on PlainPension is rendered directly from the Public Plans Database (Boston College Center for Retirement Research), no number is typed in by an editor. This page aggregates this plan's funded ratio, unfunded liability, and multi-year financial history, live from the dataset. See our editorial standards & corrections policy, the methodology behind these numbers, or report a data error.