Revision: Feb. 11, 2010, midnight
HB 1512 – AS AMENDED BY THE HOUSE
10Feb2010… 0394h
2010 SESSION
10/09
HOUSE BILL 1512
AN ACT establishing a deferred retirement option in the judicial retirement plan.
COMMITTEE: Executive Departments and Administration
This bill allows judges who resign from office to elect to receive a deferred retirement benefit under the judicial retirement plan.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10Feb2010… 0394h
10-2665
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT establishing a deferred retirement option in the judicial retirement plan.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Judicial Retirement Plan; Deferred Retirement Benefit. Amend RSA 100-C:5 by inserting after paragraph VII the following new paragraph:
VIII. Any member who resigns from office on or after January 1, 2010, and who has at least 7 years of creditable service, may collect a vested deferred retirement allowance beginning at an age and years of service at which the member would otherwise have been eligible to retire pursuant to paragraphs I through IV. The member shall submit a written application to the board setting forth on what date, not less than 30 days nor more than 90 days subsequent to the filing of the application, the member desires to begin deferred retirement. Upon deferred retirement, the member’s deferred retirement allowance shall equal that percentage of the member’s final year’s salary before resigning that the member would have received pursuant to paragraphs I through IV if the member had served until retirement at the age at which the member’s deferred retirement begins with the number of years of creditable service earned by the member before resigning. In lieu of receiving a vested deferred retirement allowance, the resigning member may at any time exercise the member’s rights under RSA 100-C:8 for a return of the member’s accumulated contributions.
2 Effective Date. This act shall take effect upon its passage.