New Hampshire state legislators might implement a 457 plan for new state judges, said Donald Goodnow, director of administrative office of the court for all state courts. The bill could come up for vote in June, he said.
Currently, a state court judge who has served for 10 years can retire at age 65 at three-quarters salary, said Mr. Goodnow. Those funds are appropriated by the Legislature, and the judges aren’t eligible for benefits before age 65, he said.
The proposed system would allow new judges to contribute 7.5% of their annual earnings to the 457 plan. Current judges will continue to be paid under the existing arrangement.
