SB 164 - AS INTRODUCED
2015 SESSION
15-0391
10/03
SENATE BILL 164
AN ACT relative to the independent investment committee in the New?Hampshire retirement system.
SPONSORS: Sen. Watters, Dist 4; Sen. Soucy, Dist 18; Sen. D'Allesandro, Dist 20; Sen. Fuller Clark, Dist 21; Rep. Cilley, Straf 4; Rep. Gagnon, Sull 5; Rep. Proulx, Hills 44; Rep. Danielson, Hills 7
COMMITTEE: Executive Departments and Administration
This bill establishes terms for the retirement system’s independent investment committee members and requires one member to be an active member trustee.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
15-0391
10/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Fifteen
AN ACT relative to the independent investment committee in the New?Hampshire retirement system.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Retirement System; Independent Investment Committee. Amend RSA 100-A:14-b, I to read as follows:
I. The independent investment committee shall consist of not more than 5 members, 3 of whom shall be persons who are not members of the board of trustees appointed by the governor with the consent of the council, and up to 2 of whom shall be members of the board of trustees appointed by the chairperson of the board of trustees, provided that the committee shall include one trustee member who is serving as an active member trustee. Each independent investment committee member shall serve for a term of 3 years and may be reappointed for a second term.
2 Effective Date. This act shall take effect 60 days after its passage.