PRESS RELEASE

August 27, 2007

Governor Lynch Appoints Shapiro to NH Retirement Commission

CONCORD, NH — Governor John Lynch has appointed Dr. Lisa Shapiro, chief economist for Gallagher, Callahan & Gartrell, to a recently established commission to make recommendations to ensure the long-term viability of the New Hampshire retirement system.

The commission was established by the New Hampshire Legislature in 2007 (HB 876) and is tasked with reviewing the structure and governance of the New Hampshire retirement system, analyzing the current financial status of the retirement system, and making recommendations for ensuring the long-term viability of the retirement system, including an appropriate funding methodology.

Dr. Shapiro analyzes economic and industry trends and works with businesses on strategic and economic issues and legislative and regulatory matters. Shapiro authored the study, Budget Deficits and Business Taxes in New Hampshire, estimating the economic impact of further increasing New Hampshire business taxes, and was a member of The New Hampshire Commission on Education Funding.

Gallagher, Callahan & Gartrell is a multidisciplinary law firm based in Concord, New Hampshire.

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