The New Hampshire Center for Economic Policy (NHCEP) recently issued two reports about the crisis of New Hampshire’s Unfunded Liability, one detailing the deep problem, and a follow-up which recommended solutions. One of the key recommendations was for New Hampshire to become a Right To Work state.
NHCEP policy experts commented on the current Right To Work legislation:
“It’s very exciting to see New Hampshire on the brink of becoming the first Right To Work state in New England,” noted NHCEP president J. Scott Moody. “Right now, the closest Right To Work state is Virginia. Given that New Hampshire already has the largest private sector in the country, as well as no sales or income tax, why would any company go anywhere else but New Hampshire?”
“The best part about choosing Right to Work is that it’s a proven policy that any state can do for themselves, and New Hampshire is leading the way in the Northeast,” adds Chief Economist Wendy Warcholik. “This policy will help New Hampshire companies stay competitive and add workers; it makes the state even more attractive for new business to start here and for established companies to move here. Adopting Right To Work is great news that shows solid long-term thinking by our legislators.”
To read the NHCEP report detailing the state’s growing unfunded liability for retiree pensions and benefits, please click this link: http://nheconomics.org/wp-content/uploads/2010/08/NHCEP-Liberty-in-Economics-Volume-1-Issue-1-New-Hampshire-Pension-Crisis-021711.pdf
To read the follow-up recommendations to solve this fiscal problem, including Right To Work, please click this link: http://nheconomics.org/wp-content/uploads/2010/08/NHCEP-Liberty-in-Economics-Volume-1-Issue-2-New-Hampshire-Pension-Solutions-031511.pdf
Mr. J. Scott Moody and Dr. Wendy Warcholik are available for press interviews, on-air appearances and in-person presentations of this research. If you have any questions or would like to arrange a meeting, please contact Martin Sheehan, the Director of Communications via e-mail at martinsheehan@nheconomics.org or by calling 207-650-7335.