Connect with us

New Hampshire

New Hampshire urged to pay down pension debt

Published

on

New Hampshire urged to pay down pension debt


(The Heart Sq.) – New Hampshire policymakers are being urged to divert extra surplus tax income to paying down the state’s pension obligations.

The Josiah Bartlett Heart for Public Coverage, a conservative assume tank, is looking on the state to faucet right into a file stage of surplus tax revenues to make a “catch up” cost towards the New Hampshire Retirement System. The group says the “fiscally prudent” transfer will assist scale back the state’s pension-related prices and monetary dangers whereas yielding long-term financial savings.

“This could save taxpayers cash in the long term and be a accountable use of those sudden revenues,” Drew Cline, the middle’s president, stated in a current coverage assertion. “The state’s large funds surplus is a windfall that needs to be used properly.”

Advertisement

New Hampshire’s revenues have exceeded funds author’s expectations with the state banking greater than $252 million in surplus revenues.

The middle, which teamed up with the Cause Basis to make the advice, stated given the windfall of surplus income “there isn’t any higher time” to repay debt servicing funds to the state’s retirement fund.

Unfunded liabilities to the state’s pension fund are accruing at an rate of interest of 6.75% – making it the “costliest taxpayer backed debt” held by the state, the middle factors out.

In the meantime, the state holds about 18% – or practically $818 million – of unfunded liabilities held by the state retirement system, in accordance with the middle.

“Unfunded liabilities function identical to a debt,” the middle stated. “The longer they’re held, the extra curiosity they are going to accrue and the extra their prices can be handed onto future generations.”

Advertisement

Final 12 months, Gov. Chris Sununu signed a two-year, $13.5 billion funds that included a buffet of tax cuts and diverted extra taxpayer {dollars} to highschool alternative packages.

The Josiah Heart identified that the lawmakers have been cautious to not spend surplus income on recurring state packages however have not devoted a big sufficient portion of the funds to pay down the state retirement fund obligations.





Source link

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

New Hampshire

Mass. woman seriously injured in snowmobile crash in Bartlett, N.H. – The Boston Globe

Published

on

Mass. woman seriously injured in snowmobile crash in Bartlett, N.H. – The Boston Globe


A Massachusetts woman was seriously injured when she crashed a snowmobile into a tree after she went off a trail in Bartlett, N.H. with her 10-year-old son on board Monday afternoon, New Hampshire Fish and Game said.

Jiamin Wei, 40, pf Chestnut Hill, was taken to Memorial Hospital in North Conway for treatment of head injuries, the statement said.

The boy was not injured in the crash that occurred shortly before 3 p.m. on Lower Haystack Trail. The woman, who was riding a rented snowmobile as part of a group tour, “failed to negotiate a downhill left-hand turn,” the statement said.

Advertisement

The machine crashed into a tree inside a ditch. The tour guide called for help, according to the statement.

Bartlett police and fire responded to the scene, along with a conservation officer, members of Bartlett /Jackson Ambulance Service, the statement said.

Wei was taken nearly two miles by a rescue sled back to the trailhead.

“Fortunately, the boy was not injured and was able to be driven by snowmobile from the scene,” the statement said.

No further information was available.

Advertisement

Adam Sennott can be reached at adam.sennott@globe.com.





Source link

Continue Reading

New Hampshire

Employee found dead at New Hampshire state agency, state police say

Published

on

Employee found dead at New Hampshire state agency, state police say


An investigation is underway after an employee was found dead at the New Hampshire Insurance Department, state police said Monday night.

Around 9 a.m. Monday, State Police responded to the New Hampshire Insurance Department at 21 South Fruit St. in Concord after receiving a report that an adult male employee had been found dead at the agency.

Investigators at this time do not believe the man’s death is suspicious. There is no threat to public safety, state police said in a statement around 7 p.m. Monday.

The employee was not identified pending an ongoing investigation.

Advertisement

“Troopers secured the scene and an investigation remains ongoing,” state police said.

Authorities did not immediately release information about the man’s death, but provided information for the public to access in times of mental health crisis.

“The State Police remind anyone struggling with a mental health crisis that help is available,” state police said. “Anyone can call or text the Suicide and Crisis Lifeline at 9-8-8 for free and confidential support for themselves, a friend or a loved one.”

This is a developing story. Check back for updates as more information becomes available.

Download the FREE Boston 25 News app for breaking news alerts.

Advertisement

Follow Boston 25 News on Facebook and Twitter. | Watch Boston 25 News NOW





Source link

Continue Reading

New Hampshire

‘Unforgiving environment’: Dozens of hikers rescued each year in the White Mountains – The Boston Globe

Published

on

‘Unforgiving environment’: Dozens of hikers rescued each year in the White Mountains – The Boston Globe


The pair were unprepared for hiking in winter conditions: no sleeping bags, matches, phones, or any way of calling for help. They spent a brutal night on the mountain, both men succumbing to hypothermia before rescuers using a helicopter found them the next day. Osborne lost part of his right leg; Frederickson lost his life.

Osborne’s is but one of the many unforgiving lessons the White Mountains deliver on a regular basis to any hiker who underestimates its harsh and unpredictable conditions: In an eerie echo of the tragedy 16 years ago, on Thursday, another winter hiker suffered severe hypothermia and had to be rescued by helicopter from the very same mountain after becoming trapped overnight by deep snow and freezing conditions.

“People underestimate just how unforgiving the White Mountains can be,” said Ty Gagne, an avid hiker and author of three books about trouble in the White Mountains, including Osborne’s case. “I think there’s a certain amount of complacency that can happen because they’re four to six thousand feet.”

There have been more than 60 search-and-rescue efforts in the Whites just since June, including one in November in which two siblings had become hypothermic while hiking on the Lincoln Brook Trail. And, in the last five years alone, at least 20 more people have died in the White Mountains.

Advertisement

New Hampshire usually averages more than 100 hiker rescues a year, roughly half of them in the Whites, according to a New England-based hiking podcast group that tallied search-and -escue information from the New Hampshire Fish and Game Department.

With its easy access and proximity to large urban centers, the Whites have long been a destination for millions of hikers annually. The range boasts panoramic vistas, pristine lakes, and lush forests, plus the highest peak in the Northeast: Mount Washington, which stands at nearly 6,300 feet.

But the allure can also bring danger.

Climbers can easily get injured in the steep, uneven terrain. Since 2019, more than 250 hikers in New Hampshire have been rescued with lower leg injuries. About 40 succumbed to fatigue. Nearly 150 panicked or got lost.

“The mountains don’t care. They don’t discriminate,” said Gagne. “It doesn’t matter if you’re coming there with a young family, or if you’ve climbed 14,000 footers out west … the mountains aren’t going to relent. It can be a really unpredictable, unforgiving environment.”

Advertisement

As the winter weather descends on New England, the danger can compound.

“The clock is on, the second you’re immobile. Hypothermia sets in very quickly” said Mike McLaughlin, an experienced hiker and host of the Sounds Like a Search and Rescue podcast. “If you feel like you’re in a situation where you can’t get out, call for a rescue immediately.”

Franconia Ridge consistently requires the most rescues, with 68 in the past five years, data show. Mount Washington and Mount Chocorua were not far behind, with 60 and 42 rescues, respectively. All three are in the White Mountains.

Most rescue operations aren’t swift or easy, officials caution.

Advertisement

People “think you’re going to swoop in with a helicopter and pick them up. That’s not the way it works. It’s going to take three to four hours,” said Kevin Jordan, chief of law enforcement for New Hampshire Fish and Game.

Jordan leads a team of more than 40 search-and-rescue officers across six districts in New Hampshire. The group completed nearly 2,000 missions between 2009 and 2019, according to a report from the department.

In some cases, Jordan said, rescues had to be called off because weather conditions were too hazardous. Two of his officers are out with injuries for December.

The New Hampshire Fish and Game Department, which carries out most hiker rescues, recommends packing the following essential items for winter hiking: a map, compass, headlamp, fire starter, first aid kit, whistle, knife, warm clothing, extra food and water, and rain jackets and pants.

They also run the Hike Safe program, where hikers can buy a card that covers the cost of search-and-rescue operations in emergencies. The website also has additional safety tips.

Advertisement

Osborne and other rescued hikers say the work that Fish and Game does is crucial.

“They just have an incredibly important role for the protection of people,” said Osborne. Without rescuers, “plenty of people wouldn’t be here.”


Neena Hagen can be reached at neena.hagen@globe.com.





Source link

Advertisement
Continue Reading
Advertisement

Trending