Retirement

The Manchester School District contributes into either the NHRS or the Manchester Employee’s Contributory Retirement System for eligible full time employees. 

The New Hampshire Retirement System is a contributory public employee defined benefit pension plan qualified under section 401 (a) of the Internal Revenue code (Code) and funded through a trust which is exempt from tax under Code Section 501 (a).  NHRS provides benefits to its eligible members and their beneficiaries upon retirement, disability, death or other termination of employment.  Retirement benefits are determined by a formula, which considers two variables: a member’s average final compensation and creditable service.  Although member and their employers must make a regular contribution to NHRS, those contributions are to variables in determining the actual defined benefit. 

For more information you may view www.NHRS.org

The Manchester Employee’s Contributory Retirement System is a contributory system where member contribute 5% of salary on a tax-sheltered basis and receive benefits.  

For more information you may view on www.ManchesterRetirement.org