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1 Retirement System; Recalculation of Employer Rates; Recertification. Notwithstanding the notice requirements of RSA 100-A:16, III, the board of trustees of the retirement system shall recalculate employer contribution rates for the state fiscal years 2018 and 2019 to reflect an assumed rate of return which is unchanged from the 7.75 percent rate applicable to state fiscal year 2017. Notwithstanding the notice requirements of RSA 100-A:16, III, such employer contribution rates shall be effective July 1, 2017 or within a reasonable period of time not to exceed 30 days from the approval of the recalculation by the board of trustees. The exception to the notice requirements of RSA 100-A:16, III in this section shall be limited to the applicable employer contribution rates for the biennium beginning July 1, 2017.
2 Effective Date. This act shall take effect upon its passage.
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1 Retirement System; Recalculation of Employer Rates; Recertification. Notwithstanding the notice requirements of RSA 100-A:16, III, the board of trustees of the retirement system shall recalculate employer contribution rates for the state fiscal years 2018 and 2019 to reflect an assumed rate of return which is unchanged from the 7.75 percent rate applicable to state fiscal year 2017. Notwithstanding the notice requirements of RSA 100-A:16, III, such employer contribution rates shall be effective July 1, 2017 or within a reasonable period of time not to exceed 30 days from the approval of the recalculation by the board of trustees. The exception to the notice requirements of RSA 100-A:16, III in this section shall be limited to the applicable employer contribution rates for the biennium beginning July 1, 2017.
2 Effective Date. This act shall take effect upon its passage.