SB140 (2017) Detail

Relative to the independent investment committee in the New Hampshire retirement system.


CHAPTER 151

SB 140 - FINAL VERSION

 

03/16/2017   0818s

4May2017... 1346h

2017 SESSION

17-0888

10/04

 

SENATE BILL 140

 

AN ACT relative to the independent investment committee in the New Hampshire retirement system.

 

SPONSORS: Sen. Soucy, Dist 18; Sen. Watters, Dist 4; Rep. Proulx, Hills. 44; Rep. Danielson, Hills. 7

 

COMMITTEE: Executive Departments and Administration

 

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AMENDED ANALYSIS

 

This bill establishes terms for the retirement system’s independent investment committee members.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/16/2017   0818s

4May2017... 1346h 17-0888

10/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Seventeen

 

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:

 

151:1  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.  Each independent investment committee member shall serve for a term of 3 years.

151:2  Application; Appointments.  

I.  The 3 members of the independent investment committee appointed by the governor with the consent of the council, under RSA 100-A:14-b, I as amended by section 1 of this act, shall be appointed for 3-year terms beginning July 1, 2017.

II.  The 2 members of the independent investment committee appointed by the chairperson of the board of trustees, under RSA 100-A:14-b, I as amended by section 1 of this act, shall be appointed for 3-year terms beginning July 1, 2018.

151:3  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: June 16, 2017

Effective Date: August 15, 2017

Links

SB140 at GenCourtMobile

Action Dates

Date Body Type
Feb. 22, 2017 Senate Hearing
March 16, 2017 Senate Floor Vote
April 4, 2017 House Hearing
April 12, 2017 House Exec Session
May 4, 2017 House Floor Vote

Bill Text Revisions

SB140 Revision: 1165 Date: June 19, 2017, 11:17 a.m.
SB140 Revision: 1166 Date: May 19, 2017, 10:48 a.m.
SB140 Revision: 1167 Date: May 5, 2017, 9:41 a.m.
SB140 Revision: 1168 Date: March 30, 2017, 3:22 p.m.
SB140 Revision: 1169 Date: Jan. 24, 2017, 12:04 p.m.

Docket


Aug. 15, 2017: Signed by the Governor on 06/16/2017; Chapter 0151; Effective 08/15/2017


May 31, 2017: Enrolled (In recess 05/31/2017); SJ 19


June 1, 2017: Enrolled 06/01/2017 HJ 17 P. 127


May 18, 2017: Sen. Carson Moved to Concur with the House Amendment, MA, VV; 05/18/2017; SJ 17


May 4, 2017: Ought to Pass with Amendment 1346h: MA VV 05/04/2017 HJ 15 P. 4


May 4, 2017: Amendment # 2017-1346h: AA VV 05/04/2017 HJ 15 P. 4


May 4, 2017: Committee Report: Ought to Pass with Amendment # 2017-1346h for 05/04/2017 (Vote 17-0; CC) HC 22 P. 5


April 12, 2017: Executive Session: 04/12/2017 02:30 PM LOB 306


April 4, 2017: Public Hearing: 04/04/2017 02:30 PM LOB 306


March 9, 2017: Introduced 03/09/2017 and referred to Executive Departments and Administration HJ 10 P. 77


March 16, 2017: Ought to Pass with Amendment 2017-0818s, MA, VV; OT3rdg; 03/16/2017; SJ 9


March 16, 2017: Committee Amendment # 2017-0818s, AA, VV; 03/16/2017; SJ 9


March 16, 2017: Committee Report: Ought to Pass with Amendment # 2017-0818s, 03/16/2017; SC 14


Feb. 22, 2017: Hearing: 02/22/2017, Room 101, LOB, 09:50 am; SC 11


Jan. 19, 2017: Introduced 01/19/2017 and Referred to Executive Departments and Administration; SJ 5