HB 411 – AS AMENDED BY THE HOUSE
11Mar2009… 0090h
2009 SESSION
06/10
HOUSE BILL 411
AN ACT relative to the safety of retirement accounts.
SPONSORS: Rep. Daniels, Hills 6; Sen. Roberge, Dist 9
COMMITTEE: Labor, Industrial and Rehabilitative Services
This bill declares that employers offering certain retirement programs shall offer at least one option for investing such funds that guarantees no loss of principal.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
11Mar2009… 0090h
09-0602
06/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nine
AN ACT relative to the safety of retirement accounts.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subdivision; Cash Option for Retirement Accounts. Amend RSA 275 by inserting after section 69 the following new subdivision:
Cash Option for Retirement Accounts
275:70 Cash Option for Retirement Accounts. Any employer offering a retirement plan or account established under the Employee Retirement Income Security Act of 1974 and as such act may be further amended, shall provide at least one option for the investment of such funds in an account that guarantees no loss of principal.
2 Effective Date. This act shall take effect upon its passage.