HB1603 (2018) Detail

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


HB 1603 - AS AMENDED BY THE HOUSE

 

6Mar2018... 0381h

2018 SESSION

18-2422

10/08

 

HOUSE BILL 1603

 

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

 

SPONSORS: Rep. Proulx, Hills. 44; Rep. Schuett, Merr. 20; Rep. Richardson, Coos 4; Rep. Danielson, Hills. 7; Rep. M. McCarthy, Hills. 29; Rep. Bove, Rock. 5

 

COMMITTEE: Executive Departments and Administration

 

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ANALYSIS

 

This bill requires that one of the members on the independent investment committee of the retirement system be an active member employee appointed from a list of nominations.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

6Mar2018... 0381h 18-2422

10/08

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

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

 

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

 

1  Retirement System; Independent Investment Committee; Appointments.  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.  One of the 3 persons appointed by the governor with the consent of the council shall be an active employee member in the retirement system chosen from a list, submitted upon a vacancy, of up to 3 persons nominated by each of the following organizations: the New Hampshire State Employees' Association, the New Hampshire Education Association, the New Hampshire AFL-CIO, the New Hampshire Police Association, the New Hampshire State Permanent Firemen's Association, and the Professional Fire Fighters of New Hampshire.

2  Effective Date.  This act shall take effect 60 days after its passage.

Links

HB1603 at GenCourtMobile

Action Dates

Date Body Type
Jan. 31, 2018 House Hearing
Feb. 28, 2018 House Exec Session
House Floor Vote
March 6, 2018 House Floor Vote
April 25, 2018 Senate Hearing
May 2, 2018 Senate Floor Vote

Bill Text Revisions

HB1603 Revision: 3175 Date: March 8, 2018, 11:16 a.m.
HB1603 Revision: 2186 Date: Nov. 13, 2017, 9:46 a.m.

Docket

Date Status
Jan. 3, 2018 Introduced 01/03/2018 and referred to Executive Departments and Administration HJ 1 P. 17
Jan. 31, 2018 Public Hearing: 01/31/2018 10:30 AM LOB 306
Feb. 8, 2018 ==CANCELLED== Subcommittee Work Session: 02/08/2018 01:00 PM LOB 306
Feb. 12, 2018 ==RESCHEDULED== Subcommittee Work Session: 02/12/2018 11:30 AM LOB 306
Feb. 28, 2018 Executive Session: 02/28/2018 LOB 306
Committee Report: Ought to Pass with Amendment # 2018-0381h (Vote 19-0; CC)
March 6, 2018 Committee Report: Ought to Pass with Amendment # 2018-0381h for 03/06/2018 (Vote 19-0; CC) HC 9 P. 21
March 6, 2018 Amendment # 2018-0381h: AA VV 03/06/2018 HJ 6 P. 38
March 6, 2018 Ought to Pass with Amendment 0381h: MA VV 03/06/2018 HJ 6 P. 38
March 8, 2018 Introduced 03/08/2018 and Referred to Executive Departments and Administration; SJ 7
April 25, 2018 Hearing: 04/25/2018, Room 101, LOB, 09:00 am; SC 18
May 2, 2018 Committee Report: Inexpedient to Legislate, 05/02/2018; SC 19
May 2, 2018 Inexpedient to Legislate, RC 14Y-10N, MA === BILL KILLED ===; 05/02/2018; SJ 15