SB324 (2018) Detail

Allowing an optional retirement system allowance to include a subsequent remarriage of a divorced retiree.


CHAPTER 101

SB 324-FN - FINAL VERSION

 

01/18/2018   0090s

2018 SESSION

18-2737

10/05

 

SENATE BILL 324-FN

 

AN ACT allowing an optional retirement system allowance to include a subsequent remarriage of a divorced retiree.

 

SPONSORS: Sen. D'Allesandro, Dist 20

 

COMMITTEE: Executive Departments and Administration

 

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AMENDED ANALYSIS

 

This bill allows a retiree who terminated a retirement system optional allowance following divorce, or whose spouse renounced an election, to nominate a current spouse after remarriage for a new optional allowance.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

01/18/2018   0090s 18-2737

10/05

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Eighteen

 

AN ACT allowing an optional retirement system allowance to include a subsequent remarriage of a divorced retiree.

 

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

 

101:1  Retirement System; Optional Allowances; Retiree Subsequent Remarriage.  Amend RSA 100-A:13, II(a)(2) to read as follows:

(2) [Due to the death of a former spouse and] Following the retiree's subsequent remarriage, elect to nominate the current spouse as beneficiary under one of the options named in paragraph III, due to either the death of a former spouse, the termination of an elected option under subparagraph (1), or the termination of an elected option by a former spouse under subparagraph II(b).  The notice of election shall be on a form designated by the board.  The optional allowance shall be effective the first of the month following receipt of the notice.  If a retiree dies after filing such notice but before the effective date, the change shall be effective as of the date of death.  The optional allowance shall be of equivalent actuarial value.  Any supplemental allowances, or COLAs, granted to the retiree before the effective date of the election shall terminate on such effective date, but the value of such COLA's shall be included in the actuarial determination of the amount of the allowance payable under the elected option.

101:2  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: May 25, 2018

Effective Date: July 24, 2018

 

 

Links

SB324 at GenCourtMobile

Action Dates

Date Body Type
Jan. 10, 2018 Senate Hearing
Jan. 18, 2018 Senate Floor Vote
March 27, 2018 House Hearing
March 27, 2018 House Exec Session
House Floor Vote
April 5, 2018 House Floor Vote

Bill Text Revisions

SB324 Revision: 4011 Date: May 30, 2018, 2:02 p.m.
SB324 Revision: 3393 Date: April 5, 2018, 2 p.m.
SB324 Revision: 2963 Date: Jan. 22, 2018, 11:06 a.m.
SB324 Revision: 2571 Date: Dec. 8, 2017, 12:10 p.m.

Docket


May 25, 2018: Signed by the Governor on 05/25/2018; Chapter 0101; Effective 07/24/2018


April 12, 2018: Enrolled (In recess 04/12/2018); SJ 13


April 12, 2018: Enrolled (In recess 04/12/2018); SJ 13


April 19, 2018: Enrolled 04/19/2018 HJ 13 P. 2


April 5, 2018: Referral Waived by Committee Chair per House Rule 46(f) 04/05/2018 HJ 11 P. 16


April 5, 2018: Referred to Finance 04/05/2018 HJ 11 P. 4


April 5, 2018: Ought to Pass: MA VV 04/05/2018 HJ 11 P. 4


April 5, 2018: Committee Report: Ought to Pass for 04/05/2018 (Vote 11-0; CC) HC 13 P. 4


: Committee Report: Ought to Pass (Vote 11-0; CC)


March 27, 2018: Executive Session: 03/27/2018 LOB 306


March 27, 2018: ==ROOM CHANGE== Public Hearing: 03/27/2018 10:00 AM LOB 203


March 7, 2018: Introduced 03/07/2018 and referred to Executive Departments and Administration HJ 7 P. 50


Jan. 18, 2018: Ought to Pass with Amendment 2018-0090s, MA, VV; OT3rdg; 01/18/2018; SJ 2


Jan. 18, 2018: Committee Amendment # 2018-0090s, AA, VV; 01/18/2018; SJ 2


Jan. 18, 2018: Committee Report: Ought to Pass with Amendment # 2018-0090s, 01/18/2018; Vote 5-0; CC; SC 3


Jan. 10, 2018: Hearing: 01/10/2018, Room 101, LOB, 09:00 am; SC 48


Jan. 3, 2018: To Be Introduced 01/03/2018 and Referred to Executive Departments and Administration; SJ 1