Paul Provost Named To New Hampshire Retirement System Board

Press release from NHTrust:

NHRS, established in 1967 as a contributory, defined benefit plan, provides lifetime pension benefits, as well as disability and death benefits as well as also providing a post-retirement Medical Subsidy benefit to eligible beneficiaries. The NHRS also pursues investment strategy designed to meet its long-term funding requirements. NHRS is administered by a 13-member Board of Trustees that includes one employee member, one teacher member, one firefighter member, one police officer member, four employer representatives (one each representing the state, counties, schools, and municipalities), four public members, and the State Treasurer. All trustees – with the exception of the State Treasurer, who serves ex officio – are nominated by the Governor for three-year terms and must be confirmed by a vote of the Executive Council.

Provost term will run through October 2025. “I am honored to have been nominated by the Governor for this position and look forward to using my 30 years of professional wealth management experience to support the investment strategies of the NHRS,” noted Provost.

Provost earned a bachelor’s degree from the University of Vermont and a master’s degree in Administrative Management from Saint Michael’s College. He is a Certified Financial Planner. He also serves on the boards of the New Hampshire Higher Education Loan Corporation and the Concord Hospital Trust. He previously served as a board chair for the NH Charitable Foundation, Capital Region, and the Central New Hampshire Boys & Girls Club.

NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and nearly 470 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,500 active members and 41,000 benefit recipients. NHRS administers a defined benefit plan qualified as a tax-exempt entity under sections 401(a) and 501(a) of the Internal Revenue Code.

NHTrust offers trusted financial advice in the New England tradition of neighbors serving neighbors. With New Hampshire roots reaching 150 years, NHTrust combines the financial expertise and local insights of Merrimack County Savings Bank, Meredith Village Savings Bank, Savings Bank of Walpole and The New Hampshire Trust Company, with a legacy of trusted service dating back to the 1860s. Customized financial planning include solutions for investment management, retirement planning, financial planning and trust, estate and fiduciary services. For more information, please call 603.223.2710 or visit nhtrust.com.

This press release was produced by NHTrust. The views expressed here are the author's own.