If anyone has been following the lawsuit between the medical insurance fund and the State of NH, it's probably pretty much expected for the state to lose its appeal to the NH Supreme Court and be short of about 100 million dollars. While 100 million sounds like a lot, it is just a small percentage of the state's annual 11.5 billiion dollar budget.
Another lawsuit between the state and a number of cities and towns is pending which seems to be very much up in the air as to which side will prevail. The state recently, like in last July, either passed a law or made an executive decision to downsize its payouts for all the municipality's employee pensions. The state had been paying for 35% of each town's employee pensions, and it decided to cut its' payment from 35 to 30 to 25%, over the next year or two.
The state's argument is that it has no control over how much a town decides to pay its' employees, which is the basis for their pensions, so why the heck should they be paying for those big fat pensions.
Here's the solution that's look'n for a problem here...... just start registering all those paddle boats like kayaks and canoes.....and then let them take care of the state's 35% share of the towns pensions with the kayak money.
All in favor....raise your paddle in support!
Oh yeah.....um....what was this thread all about.....cannot seem to remember?
