SB 231-FN - AS INTRODUCED
SENATE BILL 231-FN
SPONSORS: Sen. Carson, Dist 14; Sen. Lasky, Dist 13; Sen. French, Dist 7; Rep. Hinch, Hills. 21; Rep. McGuire, Merr. 29
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Seventeen
Be it Enacted by the Senate and House of Representatives in General Court convened:
XXXIV. "Part-time'' for purposes of employment of a retired member of the New Hampshire retirement system but excepting per diem court security officers and court bailiffs and part-time circuit court judges in senior active or judicial referee status under RSA 493-A, means employment during a calendar year by one or more employers of the retired member which shall not exceed 32 hours in each normal calendar week. Employment in some instances may exceed 32 hours in any normal calendar week provided that in such case, the part-time employment of the retired member shall not exceed 1,300 hours in a calendar year, so long as such part-time employment does not occur outside of a 5-consecutive-month period in any 12-month period.
100-A:7 Restoration to Service. If a disability beneficiary or any other beneficiary is restored to service, the beneficiary's retirement allowance shall cease, the beneficiary shall again become a member of the retirement system and the beneficiary shall contribute at the percentage payable pursuant to RSA 100-A:16, I(a). Anything herein to the contrary notwithstanding, any credit for membership service and for any prior service on the basis of which the beneficiary's creditable service was computed at the time of the beneficiary's former retirement shall be restored to full force and effect; upon subsequent retirement, the beneficiary shall receive a retirement allowance based on the beneficiary's combined creditable service and the member's average final compensation. The provisions of this section shall not apply to part-time circuit court judges retired under this chapter and serving in senior active or judicial referee status under RSA 493-A.
490-F:8-a Retirement of Part-time Circuit Court Judges. Any part-time circuit court judge retired under RSA 100-A, if under 70 years of age, may elect senior active status or, if 70 years of age or older, may serve as a judicial referee, pursuant to RSA 493-A.
SB 231-FN- FISCAL NOTE
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
Estimated Increase / (Decrease)
[ X ] General [ ] Education [ ] Highway [ X ] Other
The Judicial Branch was originally contacted on January 6, 2017, with followup contacts on January 18, 2017 and January 27, 2017 for a fiscal note worksheet, which the Branch has not provided as of January 31, 2017.
This bill allows a part-time judge of the circuit to retire under the provisions of RSA 100-A and elect senior active or judicial referee status. The New Hampshire Retirement System's contracted actuary conducted a supplemental actuarial valuation to estimate the impact of the bill. The Judicial Branch currently employs 14 active judges who may potentially be affected by this bill. If each of these members were to accelerate retirement to twice the assumed retirement rates, the impact on the actuarial accrued liability would be approximately $115,000, which would have a negligible impact on the funded ratios (less than 0.01 percent of the total liability) and the contribution rate (less than 0.01 percent of payroll). Given the nature of the proposed changes, it is reasonable to expect there would be minimum impact on the number of future part-time retirees and the hours they will work per year. Therfore, it is reasonable to expect there would be minimal impact on employer contribution rates resulting from this bill.
New Hampshire Retirement System and Judicial Branch
|Feb. 14, 2017||Senate||Hearing|
|March 16, 2017||Senate||Floor Vote|
|Jan. 19, 2017||Introduced 01/19/2017 and Referred to Judiciary; SJ 5|
|Feb. 14, 2017||Hearing: 02/14/2017, Room 100, SH, 09:20 am; SC 10|
|March 16, 2017||Committee Report: Ought to Pass, 03/16/2017; Vote 5-0; CC; SC 14|
|March 16, 2017||Sen. Soucy Moved to Remove SB 231-FN from the Consent Calendar; 03/16/2017; SJ 9|
|March 16, 2017||Ought to Pass: RC 9Y-13N, MF; 03/16/2017; SJ 9|
|March 16, 2017||Sen. Soucy Moved Inexpedient to Legislate; 03/16/2017; SJ 9|
|March 16, 2017||Inexpedient to Legislate, MA, VV === BILL KILLED ===; 03/16/2017; SJ 9|