SB37 (2007) Detail

Relative to accidental death benefit payments in the city of Manchester employees' contributory retirement system.


CHAPTER 45

SB 37 – FINAL VERSION

2007 SESSION

07-0098

10/05

SENATE BILL 37

AN ACT relative to accidental death benefit payments in the city of Manchester employees’ contributory retirement system.

SPONSORS: Sen. D'Allesandro, Dist 20; Sen. DeVries, Dist 18

COMMITTEE: Executive Departments and Administration

ANALYSIS

This bill clarifies the payment of accidental death benefits in the city of Manchester employees’ contributory retirement system.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

07-0098

10/05

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Seven

AN ACT relative to accidental death benefit payments in the city of Manchester employees’ contributory retirement system.

Be it Enacted by the Senate and House of Representatives in General Court convened:

45:1 Manchester Retirement System; Accidental Death Benefits. Amend 1973, 218:16, I(b), as amended by 2002, 194:1 and 2003, 16:1, to read as follows:

(b) Upon the accidental death of a member the amount of the [monthly] annual benefit payable shall be equal to 50 percent of the member’s final average earnings paid in equal monthly installments.

45:2 Effective Date. This act shall take effect upon its passage.

Approved: May 21, 2007

Effective: May 21, 2007