Revision: Dec. 26, 2018, 1:38 p.m.
HB 110-FN-A - AS INTRODUCED
2019 SESSION
19-0020
10/08
HOUSE BILL 110-FN-A
AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.
SPONSORS: Rep. Rogers, Merr. 28
COMMITTEE: Executive Departments and Administration
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ANALYSIS
This bill requires that the administrative and professional cost of the fiscal analysis of proposed legislation done by the retirement system be reimbursed from general funds not otherwise appropriated.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
19-0020
10/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Retirement System; Administration; Cost of Assessment of Proposed Legislation. Amend RSA 100-A:14 by inserting after paragraph XIII the following new paragraph:
XIII-a. Notwithstanding the requirements of paragraph XIII, the cost to the retirement system of the actuarial and professional assessment of proposed legislation required by RSA 14:44 shall be initially paid from assets of the retirement system, but shall be submitted to the governor for reimbursement. Not later than 30 days after the adjournment of each legislative session, the governor shall reimburse the retirement system for such costs. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
2 Effective Date. This act shall take effect 60 days after its passage.
19-0020
10/25/18
HB 110-FN-A- FISCAL NOTE
AS INTRODUCED
AN ACT relative to the cost of fiscal analysis of legislation relating to the retirement system.
FISCAL IMPACT: [ X ] State [ ] County [ ] Local [ ] None
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| Estimated Increase / (Decrease) | |||
STATE: | FY 2020 | FY 2021 | FY 2022 | FY 2023 |
Appropriation | Indeterminable | Indeterminable | Indeterminable | Indeterminable |
Revenue | $0 | $0 | $0 | $0 |
Expenditures | Indeterminable Increase | Indeterminable Increase | Indeterminable Increase | Indeterminable Increase |
Funding Source: | [ X ] General [ ] Education [ ] Highway [ ] Other | |||
METHODOLOGY:
This bill requires the administrative and professional cost of the fiscal analysis of proposed legislation done by the New Hampshire Retirement System (NHRS) be reimbursed from general funds not otherwise appropriated. The NHRS states the expenditures associated with this bill are indeterminable. The NHRS is unable to project the number of retirement-related bills that would be filed in a legislative session, the level of complexity, or whether actuarial or professional fees would be required to determine the fiscal impact. Similar costs from the past two fiscal years (FY 2017 and FY 2018), excluding NHRS staff time or software implementation costs, have ranged from approximately $22,000 to $47,000.
AGENCIES CONTACTED:
New Hampshire Retirement System