Bill Text - HB342 (2013)

(New Title) relative to reporting of compensation paid to retired members of the retirement system.


Revision: March 18, 2013, midnight

HB 342-FN – AS AMENDED BY THE HOUSE

13Mar2013… 0677h

2013 SESSION

13-0778

10/01

HOUSE BILL 342-FN

AN ACT relative to reporting of compensation paid to retired members of the retirement system.

SPONSORS: Rep. D. Sullivan, Hills 42

COMMITTEE: Executive Departments and Administration

AMENDED ANALYSIS

This bill requires retirement system employers to report quarterly to the retirement system all compensation paid to retired members of the retirement system. The requirement is repealed in 2018.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

13Mar2013… 0677h

13-0778

10/01

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Thirteen

AN ACT relative to reporting of compensation paid to retired members of the retirement system.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 New Paragraph; Retirement System; Report on Retiree Compensation. Amend RSA 100-A:16 by inserting after paragraph VI the following new paragraph:

VII. Every employer shall report to the retirement system quarterly, in a format provided by the retirement system, all compensation paid by the employer to retired members of the retirement system, including the name of, and the total hours worked, for each retired member of the retirement system.

2 Repeal; 2018. RSA 100-A:16, VII, relative to employer reports on retired member compensation, is repealed.

3 Effective Date.

I. Section 2 of this act shall take effect November 1, 2018.

II. The remainder of this act shall take effect 120 days after its passage.

LBAO

13-0778

Amended 03/18/13

HB 342 FISCAL NOTE

AN ACT relative to reporting of compensation paid to retired members of the retirement system.

FISCAL IMPACT:

    The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill, as amended by the House (Amendment #2013-0677h), as it is awaiting information from the New Hampshire Retirement System, Department of Administrative Services, New Hampshire Municipal Association and the New Hampshire Association of Counties. When completed, the fiscal note will be forwarded to the House Clerk's Office.