HB1439

Testimony Against HB 1439: Detrimental Impact on Retirement Security I strongly oppose HB 1439, which seeks to modify part-time employment hourly limits for members of the New Hampshire retirement system. This bill undermines the integrity of the retirement system by allowing more flexibility in hours worked without considering the long-term implications for financial stability and program sustainability. By enabling members to exceed these limits, we risk diminishing the overall viability of the retirement fund, placing future beneficiaries in jeopardy and potentially leading to reduced financial security for all retirees. Moreover, this legislation disproportionately affects those who are already vulnerable within our workforce, such as low-income and part-time employees who rely heavily on the stability of their retirement benefits. The potential for increased hours may seem beneficial in the short term, but it places undue stress on the system and fails to account for the needs of those relying on a secure retirement. Rather than prioritizing short-term gains for a select few, our focus should be on protecting the integrity of the retirement system for the benefit of all members, ensuring that it remains sustainable and equitable for generations to come.