Text to be removed highlighted in red.
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
Text to be added highlighted in green.
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