HB173 (2021) Detail

Requiring the independent investment committee of the New Hampshire retirement system to report investment fees.


CHAPTER 5

HB 173-FN - FINAL VERSION

 

 

2021 SESSION

21-0119

10/04

 

HOUSE BILL 173-FN

 

AN ACT requiring the independent investment committee of the New Hampshire retirement system to report investment fees.

 

SPONSORS: Rep. Schuett, Merr. 20; Rep. Schultz, Merr. 18; Rep. Ellison, Merr. 27; Rep. M. Pearson, Rock. 34; Rep. Merchant, Sull. 4

 

COMMITTEE: Executive Departments and Administration

 

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ANALYSIS

 

This bill requires the quarterly report of the retirement system's independent investment committee to include a description of investment fees.  The bill also requires independent investment committee reports to be available on the retirement system's Internet website.

 

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

21-0119

10/04

 

STATE OF NEW HAMPSHIRE

 

In the Year of Our Lord Two Thousand Twenty One

 

AN ACT requiring the independent investment committee of the New Hampshire retirement system to report investment fees.

 

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

 

5:1  Retirement System; Investment Committee; Report on Investment Fees.  Amend RSA 100-A:15, II-a(c) to read as follows:

(c)  Report to the board of trustees at least quarterly on the management, investment, and reinvestment activities of the independent investment committee.  The report shall include a description of all fees incurred due to investment transactions.

5:2  Retirement System; Independent Investment Committee; Reports.  RSA 100-A:15, X is repealed and reenacted to read as follows:

X.  The quarterly report of the independent investment committee under subparagraph II(c) and the comprehensive annual financial report under paragraph VI shall be made available for public inspection on the retirement system's Internet website.

5:3  Effective Date.  This act shall take effect 60 days after its passage.

 

Approved: April 23, 2021

Effective Date: June 22, 2021

 

 

Links


Date Body Type
Jan. 27, 2021 House Hearing
House Floor Vote
March 17, 2021 Senate Hearing
March 25, 2021 Senate Floor Vote
Jan. 27, 2021 House Hearing
March 17, 2021 Senate Hearing
March 25, 2021 Senate Floor Vote

Bill Text Revisions

HB173 Revision: 32402 Date: April 26, 2021, 11:53 a.m.
HB173 Revision: 32229 Date: March 25, 2021, 3:51 p.m.
HB173 Revision: 31451 Date: Jan. 4, 2021, 2:38 p.m.

Docket


April 26, 2021: Signed by Governor Sununu 04/23/2021; Chapter 5; Eff: 06/22/2021


April 23, 2021: Signed by Governor Sununu 04/23/2021; Chapter 5; Eff: 06/22/2021


April 9, 2021: Enrolled (in recess of) 04/09/2021 HJ 7 P. 99


April 12, 2021: Enrolled (in recess of) 04/09/2021 HJ 7 P. 99


April 8, 2021: Enrolled (In recess 04/08/2021); SJ 12


April 12, 2021: Enrolled RC 24Y-0N, MA, (In recess of 04/08/2021); SJ 12


April 9, 2021: Enrolled (in recess of) 04/09/2021


April 8, 2021: Enrolled RC 24Y-0N, MA, (In recess of 04/08/2021); SJ 12


March 25, 2021: Ought to Pass: RC 24Y-0N, MA; OT3rdg; 03/25/2021; SJ 9


March 25, 2021: Ought to Pass: RC 24Y-0N, MA; OT3rdg; 03/25/2021; SJ 9


March 25, 2021: Committee Report: Ought to Pass, 03/25/2021; SC 16


March 17, 2021: Committee Report: Ought to Pass, 03/25/2021; SC 16


March 17, 2021: Remote Hearing: 03/17/2021, 10:15 am; Links to join the hearing can be found in the Senate Calendar; SC 15


March 10, 2021: Remote Hearing: 03/17/2021, 10:15 am; Links to join the hearing can be found in the Senate Calendar; SC 15


March 4, 2021: Introduced 03/04/2021 and Referred to Executive Departments and Administration; SJ 7


March 4, 2021: Introduced 03/04/2021 and Referred to Executive Departments and Administration; SJ 7


Feb. 24, 2021: Ought to Pass: MA VV 02/24/2021 HJ 3 P. 8


Feb. 24, 2021: Ought to Pass: MA VV 02/24/2021 HJ 3 P. 8


: Committee Report: Ought to Pass (Vote 17-0; CC) HC 12 P. 5


Feb. 11, 2021: Committee Report: Ought to Pass (Vote 17-0; CC) HC 12 P. 5


Jan. 21, 2021: Public Hearing: 01/27/2021 02:00 pm Members of the public may attend using the following link: To join the webinar: https://zoom.us/j/92995497899 / Executive session on pending legislation may be held throughout the day (time permitting) from the time the committee is initially convened.


Jan. 27, 2021: Public Hearing: 01/27/2021 02:00 pm Members of the public may attend using the following link: To join the webinar: https://zoom.us/j/92995497899 / Executive session on pending legislation may be held throughout the day (time permitting) from the time the committee is initially convened.


Jan. 6, 2021: Introduced (in recess of) 01/06/2021 and referred to Executive Departments and Administration HJ 2 P. 38


Jan. 6, 2020: To Be Introduced 01/06/2020 and referred to Executive Departments and Administration


Jan. 4, 2021: Introduced (in recess of) 01/06/2021 and referred to Executive Departments and Administration HJ 2 P. 38