Revision: March 8, 2018, 11:16 a.m.
HB 1603 - AS AMENDED BY THE HOUSE
6Mar2018... 0381h
2018 SESSION
18-2422
10/08
HOUSE BILL 1603
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
-----------------------------------------------------------------
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.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.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
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.