SB 532-FN - AS AMENDED BY THE SENATE
SENATE BILL 532-FN
AN ACT relative to group II status of certain department of corrections officials.
SPONSORS: Sen. D'Allesandro, Dist 20; Sen. Lasky, Dist 13; Sen. Carson, Dist 14; Rep. Welch, Rock. 13
COMMITTEE: Executive Departments and Administration
This bill allows certain department of corrections officials to be classified as group II members in the retirement system.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
03/15/2018 1068s 18-2806
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:
21-H:8-b Status in Retirement System. For purposes of classification under RSA 100-A, any person who is or becomes the assistant commissioner, the director of professional standards, the director of community corrections, the director of security and training, the director of field services, or the director of medical and psychiatric services, shall be included in the definition of correctional line personnel, as defined in RSA 100-A:1, VII under the retirement system, if such person was a group II member for at least 10 years prior to appointment in his or her position and shall remain in group II status for the duration of service in that position with the department.
SB 532-FN- FISCAL NOTE
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
Estimated Increase / (Decrease)
[ X ] General [ ] Education [ ] Highway [ ] Other
This bill allows certain Department of Corrections officials to be classified as Group II members of the New Hampshire Retirement System if such individuals were Group II members for at least 10 years prior to appointment in their respective positions, and continue to be certified under RSA 106-L.
The Department of Corrections states it is not able to determine the fiscal impact of this bill due to the following:
For any individuals that meet the criteria of this bill and remain a Group II member, the fiscal impact to the Department would be the net of the Group II employer rate minus (Group I employer rate plus Social Security portion of FICA rate (6.2%)).
The New Hampshire Retirement System's actuary indicates the following, based on 14 active eligible members and a projected payroll range as of June 30, 2017 of $1,008,061-$1,357,422:
Impact on Employer Pension and Medical Subsidy Rates
Employees Police Increase
2018-1019 Employer Rates 12.15% 29.43% 17.28%
Expected Employer Dollar Increase/(Decrease) Due to Proposal ($Millions)*
FY 2018 $0.07
FY 2019 $0.22
FY 2020 $0.22
FY 2021 $0.23
FY 2022 $0.24
Increase/Decrease in Actuarial Liabilities Due to Proposal
as of June 30, 2015 Increased with Interest to February 15, 2018
Employees Police Total
$(1.2) $3.6 $2.4
* Payroll used was the average of the payroll range provided by staff. The impact for FY 2018 is for the partial year beginning February 15, 2018.
The assumed rate of interest was 7.25 percent, wage inflation is assumed to be 3.25 percent per year and the amortization period is a closed 22-year period beginning in FY 2018.
Department of Corrections and New Hampshire Retirement System
|Jan. 31, 2018||Senate||Hearing|
|March 8, 2018||Senate||Floor Vote|
|March 15, 2018||Senate||Floor Vote|
|March 27, 2018||House||Hearing|
|April 3, 2018||House||Exec Session|
|April 12, 2018||House||Floor Vote|
|Jan. 3, 2018||Introduced 01/03/2018 and Referred to Executive Departments and Administration; SJ 2|
|Jan. 31, 2018||Hearing: 01/31/2018, Room 101, LOB, 09:00 am; SC 5|
|March 8, 2018||Committee Report: Ought to Pass with Amendment # 2018-0997s, 03/08/2018; SC 10A|
|March 8, 2018||Committee Amendment # 2018-0997s, AA, VV; 03/08/2018; SJ 6|
|March 8, 2018||Ought to Pass with Amendment 2018-0997s, MA, VV; Refer to Finance Rule 4-5; 03/08/2018; SJ 6|
|March 15, 2018||Committee Report: Ought to Pass with Amendment # 2018-1068s, 03/15/2018; SC 12A|
|March 15, 2018||Committee Amendment # 2018-1068s, AA, VV; 03/15/2018; SJ 8|
|March 15, 2018||Ought to Pass with Amendment 2018-1068s, MA, VV; OT3rdg; 03/15/2018; SJ 8|
|March 15, 2018||Introduced 03/15/2018 and referred to Executive Departments and Administration HJ 8 P. 70|
|March 27, 2018||==ROOM CHANGE== Public Hearing: 03/27/2018 02:45 PM LOB 203|
|April 3, 2018||Executive Session: 04/03/2018 11:00 AM LOB 306|
|Majority Committee Report: Inexpedient to Legislate (Vote 10-8; RC)|
|April 12, 2018||Majority Committee Report: Inexpedient to Legislate for 04/12/2018 (Vote 10-8; RC) HC 14 P. 7|
|Minority Committee Report: Ought to Pass|
|April 12, 2018||Inexpedient to Legislate: MA RC 231-93 04/12/2018 HJ 12 P. 9|