CHAPTER 304
SB 108 – FINAL VERSION
06May2009… 1393h
06/24/09 2166CofC
06/24/09 2363eba
2009 SESSION
10/03
SENATE BILL 108
AN ACT establishing a committee to study the imposition of assessments to retirement system employers for excess benefits paid to retirees and requiring a report relative to death benefits under RSA 100-A.
SPONSORS: Sen. Cilley, Dist 6; Sen. Downing, Dist 22; Sen. Carson, Dist 14; Rep. Schmidt, Straf 4; Rep. Pilotte, Hills 16; Rep. DeJoie, Merr 11
COMMITTEE: Executive Departments and Administration
This bill establishes a committee to study the imposition of assessments to retirement system employers for excess benefits paid to retirees. The bill also requires the New Hampshire retirement system to report on death benefits under RSA 100-A.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
06May2009… 1393h
06/24/09 2166CofC
06/24/09 2363eba
09-0887
10/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nine
AN ACT establishing a committee to study the imposition of assessments to retirement system employers for excess benefits paid to retirees and requiring a report relative to death benefits under RSA 100-A.
Be it Enacted by the Senate and House of Representatives in General Court convened:
304:1 Committee Established. There is established a committee to study the imposition of assessments to retirement system employers for excess benefits paid to retirees.
304:2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Two members of the senate, one of whom shall be a member of the executive departments and administration committee, appointed by the president of the senate.
(b) Four members of the house of representatives, 2 of whom shall be members of the executive departments and administration committee, appointed by the speaker of the house of representatives.
II. Members of the committee shall receive mileage at the legislative rate when attending to the duties of the committee.
304:3 Duties. The committee shall study the law requiring the imposition of assessments to retirement system employers for excess benefits paid to retirees, including earnable compensation of members. The committee shall explore alternatives to the procedure in RSA 100-A:16, III-a and to the so-called load factor assessed to retirement system employers.
304:4 Chairperson; Quorum. The members of the study committee shall elect a chairperson from among the members. The first meeting of the committee shall be called by the first-named senate member. The first meeting of the committee shall be held within 45 days of the effective date of this section. Three members of the committee shall constitute a quorum.
304:5 Report. The committee shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library in an interim report on or before November 1, 2009, and a final report on or before November 1, 2010.
304:6 New Hampshire Retirement System; Report Required. The New Hampshire retirement system shall report on or before November 1, 2009 to the chairpersons of the house and senate executive departments and administration committees relative to death benefits under RSA 100-A.
304:7 Effective Date. This act shall take effect upon its passage.
Approved: July 31, 2009
Effective Date: July 31, 2009