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61:1 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.
61:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 05, 2019
Effective Date: August 04, 2019
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61:1 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 voting 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. There shall also be one nonvoting member appointed by the governor with the consent of the council who shall be an active 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, and the Professional Fire Fighters of New Hampshire. Each independent investment committee member shall serve for a term of 3 years.
61:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 05, 2019
Effective Date: August 04, 2019