Bill Text - HB405 (2017)

(Second New Title) relative to the duties of the decennial retirement commission, and relative to the function and organization of the department of administrative services risk management unit and division of personnel.


Revision: March 30, 2017, 8:24 a.m.

HB 405 - AS AMENDED BY THE HOUSE

 

15Feb2017... 0379h

2017 SESSION

17-0744

10/05

 

HOUSE BILL 405

 

AN ACT relative to the duties of the decennial retirement commission.

 

SPONSORS: Rep. Danielson, Hills. 7

 

COMMITTEE: Executive Departments and Administration

 

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AMENDED ANALYSIS

 

This bill adds duties to the decennial retirement commission to be established in 2017 pursuant to RSA 100-A:57.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

15Feb2017... 0379h 17-0744

10/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

AN ACT relative to the duties of the decennial retirement commission.

 

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

 

1  New Subparagraphs; Decennial Retirement Commission; Duties Added.  Amend RSA 100-A:57, IV by inserting after subparagraph (h) the following new subparagraphs:

(i)  Evaluate the plan for amortization of the unfunded accrued liability of the retirement system and the impact on contribution rates.

(j)  Review the effects of retirees returning to work for retirement system employers and make recommendations for legislative changes, if necessary.

(k)  Consider the effects that changes to contribution rates have on municipalities and evaluate the options to minimize the changes.

(l)  Study the feasibility and cost of eliminating the reduction in a retiree's retirement allowance upon reaching the age of 65.

2  Effective Date.  This act shall take effect upon its passage.