Statement By House Majority Leader D.J. Bettencourt with Regard to Retirement Reform Legislation

The following statement was issued today by House Majority Leader D.J. Bettencourt with regard to retirement reform legislation, unveiled today by the NH Senate, of which he is a co-sponsor :

“I am pleased and encouraged that the Senate has joined with the House in making reform of the state retirement system a priority for this legislative session.  I look forward to working together with Sen. Bradley on his reform proposal, as well as others already before the House, to ensure that our retirement system does not slide into insolvency.  As we pointed out when House Republicans presented our agenda at the outset of the session, we must have the courage to confront the estimated $3Billion unfunded liability problem within the system.  I reiterate my pledge that the House will approach pension reform in a careful, open and respectful manner with regard to our state employees, retirees, and municipalities. We will deliberate with an open mind for all concerned.”