Statement By House Majority Leader D.J. Bettencourt with Regard to Retirement Reform Legislation
Friday, January 28, 2011 at 07:27AM 
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.”
Reader Comments (1)
I understand the fund loss $6 Billion dollars through bad investments. While employees and retirees have a right to have a voice, they shouldn’t be in a position to control the hen house. There has to be outside professionals. Part of restructuring /reform, should be a performance audit. Why the lost? Or is it business as usual?
How about the abuses? Double dipping. Double dipping happen in Grafton County Government. Commissioner Burton approved it, not only did he approve, he spend taxpayers money to defend himself. Is he doing the same as Executive Councilor?
Any crimes committed within the Retirement System should be investigate and prosecuted.
What does Senator Bradley do? He sent reform notices to the people that condone and are part of the abuse. I was present when is communication was read at the Grafton County Commissioners meeting. Select Boards, town managers, mayors, county commissioners, people in charge of any political body are the problem not the solution.