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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.
Text to be added highlighted in green.
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.