Revision: March 12, 2009, midnight
SB 145-FN – AS AMENDED BY THE SENATE
03/11/09 0616s
2009 SESSION
10/09
SENATE BILL 145-FN
AN ACT relative to service on the retirement system board of trustees for certain board members.
SPONSORS: Sen. DeVries, Dist 18; Rep. Goley, Hills 8; Rep. R. Holden, Hills 7; Rep. DeJoie, Merr 11; Rep. P. McMahon, Merr 3
COMMITTEE: Executive Departments and Administration
This bill provides that members of the retirement system board of trustees who are nominated from employee member organizations shall not be denied leave to attend meetings of the board provided notice is given to the employer.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/11/09 0616s
09-0973
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nine
AN ACT relative to service on the retirement system board of trustees for certain board members.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Retirement System; Administration of the Board; Expenses. Amend RSA 100-A:14 by inserting after paragraph III the following new paragraph:
III-a. No board of trustee member nominated by the New Hampshire state employees’ association, the New Hampshire education association, the New Hampshire police association, or the New Hampshire state permanent firemen’s association, shall be denied leave or time from his or her employer in order to attend the official meetings and official training meetings of the board of trustees provided that at least 2 weeks notice of such meetings has been given to the employer.
2 Effective Date. This act shall take effect 60 days after its passage.
LBAO
09-0973
01/29/09
SB 145-FN - FISCAL NOTE
AN ACT relative to service on the retirement system board of trustees for certain board members.
FISCAL IMPACT:
The New Hampshire Retirement System states this bill may increase state, county and local expenditures by an indeterminable amount in FY 2012 and each year thereafter. There will be no fiscal impact on state, county, or local revenue.
METHODOLOGY:
The New Hampshire Retirement System states this bill would require, for each trustee, the System to reimburse any costs relating to service on the board or attendance at board meetings incurred either by the trustee’s employer or by the trustee directly. The System’s actuary factored this proposed change in performing a supplemental valuation on June 30, 2008 data and found that it would not have an effect on benefit obligations. However, the System states employer contributions would increase for all participating employers by the exact amount of additional expenses paid by the System as a result of this proposed legislation. Such an increase would not effect employer contributions in FY 2010 and FY 2011 due to fact that rates have already been set, but would be factored in to rate calculations for FY 2012 and FY 2013. The actuary estimates that for each $250,000 of additional expenses, contribution rates would rise 0.01% across all member groups, but the System cannot estimate an amount of reimbursable expenditures, so no fiscal impact can be determined.