Revision: Jan. 20, 2009, midnight
SB 108 – AS INTRODUCED
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.
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.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
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.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Committee Established. There is established a committee to study the imposition of assessments to retirement system employers for excess benefits paid to retirees.
2 Membership and Compensation.
I. The members of the committee shall be as follows:
(a) Two members of the senate, appointed by the president of the senate.
(b) Four members of the house of representatives, 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.
3 Duties. The committee shall study the law requiring the imposition of assessments to retirement system employers for excess benefits paid to retirees. The commission 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.
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.
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 on or before November 1, 2009.
6 Effective Date. This act shall take effect upon its passage.