CHAPTER 184
HB 1587-FN-A - FINAL VERSION
31Mar2022... 1169h
2022 SESSION
22-2657
10/11
HOUSE BILL 1587-FN-A
SPONSORS: Rep. Pratt, Rock. 3; Rep. Deshaies, Carr. 6; Rep. Bordes, Belk. 3; Rep. Trottier, Belk. 6
COMMITTEE: Executive Departments and Administration
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AMENDED ANALYSIS
This bill modifies the calculation of compensation paid in excess of the full base rate of compensation under the definition of average final compensation in the retirement system for group II persons hired before July 1, 2011 who did not vest before January 1, 2012. The bill makes an appropriation to the retirement system for funding the cost of the change.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
31Mar2022... 1169h 22-2657
10/11
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Two
Be it Enacted by the Senate and House of Representatives in General Court convened:
184:1 Retirement System; Definition of Average Final Compensation. Amend RSA 100-A:1, XVIII to read as follows:
XVIII. "Average final compensation" shall mean:
(a) For members who have attained vested status prior to January 1, 2012, the average annual earnable compensation of a member during his or her highest 3 years of creditable service, or during all of the years in his or her creditable service if less than 3 years. For purposes of this calculation, the inclusion of the average annual compensation for extra and special duty in the 3 years shall not exceed the average annual amount of compensation for extra and special duty paid to the member over the member's last 7 years of creditable service on or after July 1, 2009, as reported by the employer in accordance with RSA 100-A:16, VI, or over all of the years in his or her creditable service on or after July 1, 2009 if less than 7 years.
(b) For group I members who commenced service on or after July 1, 2011 or who have not attained vested status prior to January 1, 2012, the average annual earnable compensation of a member during his or her highest 5 years of creditable service, or during all of the years in his or her creditable service if less than 5 years. For purposes of inclusion in this calculation, the average percentage of compensation paid in excess of the full base rate of compensation in the highest 5 years shall not exceed the average percentage of compensation paid in excess of the full base rate of compensation over all the member's years of service on or after January 1, 2012, but excluding the highest 5 years.
(c)(1) For group II members who commenced service prior to July 1, 2011 and who have not attained vested status prior to January 1, 2012, the average annual earnable compensation of a member during his or her highest 5 years of creditable service, or during all of the years in his or her creditable service if less than 5 years. For purposes of inclusion in this calculation, the average percentage of compensation paid in excess of the full base rate of compensation in the highest 5 years shall not exceed the average percentage of compensation paid in excess of the full base rate of compensation over all the member's years of service on or after January 1, 2012.
(2) For group II members who commenced service on or after July 1, 2011 and who have not attained vested status prior to January 1, 2012, the average annual earnable compensation of a member during his or her highest 5 years of creditable service, or during all of the years in his or her creditable service if less than 5 years. For purposes of inclusion in this calculation, the average percentage of compensation paid in excess of the full base rate of compensation in the highest 5 years shall not exceed the average percentage of compensation paid in excess of the full base rate of compensation over all the member's years of service on or after January 1, 2012, but excluding the highest 5 years.
184:2 Funding Source; Average Final Compensation; Group II Change; Appropriation. The total actuarial cost of the amendment to the group II determination of average final compensation as amended by section 1 of this act, shall be determined by the actuary and certified by the board of trustees of the retirement system, and shall be terminally funded from surplus funds from the state from the current biennium. The amount required for terminally funding the total actuarial cost is hereby appropriated to the board of trustees of the retirement system. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
184:3 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 15, 2022
Effective Date: August 14, 2022
| Date | Body | Type |
|---|---|---|
| Jan. 25, 2022 | House | Hearing |
| Jan. 25, 2022 | House | Hearing |
| House | Floor Vote | |
| March 23, 2022 | House | Exec Session |
| April 13, 2022 | Senate | Hearing |
| April 28, 2022 | Senate | Floor Vote |
| May 5, 2022 | Senate | Floor Vote |
June 17, 2022: Signed by Governor Sununu 06/15/2022; Chapter 184; eff.08/14/2022 HJ 14
May 24, 2022: Enrolled (in recess of) 05/12/2022 HJ 13
May 24, 2022: Enrolled Adopted, VV, (In recess 05/12/2022); SJ 13
May 5, 2022: Ought to Pass: RC 24Y-0N, MA; OT3rdg; 05/05/2022; SJ 11
May 3, 2022: Committee Report: Ought to Pass, 05/05/2022; SC 18A
April 28, 2022: Ought to Pass: MA, VV; Refer to Finance Rule 4-5; 04/28/2022; SJ 10
April 20, 2022: Committee Report: Ought to Pass, 04/28/2022; Vote 5-0; CC; SC 17
April 6, 2022: Hearing: 04/13/2022, Room 103, SH, 10:05 am; SC 15
April 5, 2022: Introduced 03/31/2022 and Referred to Executive Departments and Administration; SJ 8
March 31, 2022: Ought to Pass with Amendment 2022-1169h: MA VV 03/31/2022 HJ 9
March 31, 2022: Amendment # 2022-1169h: AA VV 03/31/2022 HJ 9
March 24, 2022: Committee Report: Ought to Pass with Amendment # 2022-1169 (Vote 20-1; RC)
March 18, 2022: ==CONTINUED== Division I Work Session: 03/22/2022 01:00 pm LOB 212
March 14, 2022: ==CANCELLED== Division Work Session: 03/18/2022 01:00 pm LOB 212
March 14, 2022: Division Work Session: 03/14/2022 10:00 am LOB 212
March 9, 2022: Executive Session: 03/23/2022 10:00 am LOB 210-211
March 4, 2022: Referred to Finance 02/17/2022 HJ 4
Feb. 18, 2022: Ought to Pass: MA RC 232-113 02/17/2022 HJ 4
Feb. 10, 2022: Minority Committee Report: Inexpedient to Legislate
Feb. 10, 2022: Majority Committee Report: Ought to Pass (Vote 12-6; RC)
Jan. 26, 2022: Subcommittee Work Session: 02/01/2022 08:00 am LOB 302-304
Jan. 20, 2022: Public Hearing: 01/25/2022 10:00 am LOB 302-304
Jan. 13, 2022: Public Hearing: 01/25/2022 10:00 am LOB 302-304
Dec. 21, 2021: Introduced 01/05/2022 and referred to Executive Departments and Administration