Revision: May 3, 2022, 8:37 a.m.
Rep. O'Brien, Hills. 36
May 2, 2022
2022-1914h
05/10
Floor Amendment to SB 333
Amend the title of the bill by replacing it with the following:
AN ACT relative to licensure of case management service providers and relative to payment by the state of a portion of retirement system contributions of political subdivision employers.
Amend the bill by replacing all after section 1 with the following:
I. Sections 2-4 of this act may be known as the “Property Tax Relief Act of 2022.”
II. The act renews a promise made by state to municipalities and restores the state’s contribution of a portion of the retirement costs of teachers, firefighters, and local police. Its purpose is to help ease the local property tax burden, provide property tax relief to the cities and towns, and enhance public education and public safety.
3 Retirement System; Employer Contributions; State Share of Contributions. Amend RSA 100-A:16, II(b) and (c) to read as follows:
(b) The contributions of each employer for benefits under the retirement system on account of group II members shall consist of a percentage of the earnable compensation of its members to be known as the "normal contribution,'' and an additional amount to be known as the "accrued liability contribution;'' provided that beginning with state fiscal year [2013] 2024 and for each state fiscal year thereafter, any employer [shall pay the full amount of such total contributions] other than the state, shall pay 92.5 percent of such total contributions, and 7.5 percent thereof shall be paid by the state; and provided further that, in case of group II members employed by the state, the state shall pay both normal and accrued liability contributions. The rate percent of such normal contribution, including contributions on behalf of group II members whose group II creditable service is in excess of 40 years, in each instance shall be fixed on the basis of the liabilities of the system with respect to the particular members of the various member classifications as shown by actuarial valuations, except as provided in subparagraph (i).
(c) The contributions of each employer for benefits under the retirement system on account of group I members shall consist of a percentage of the earnable compensation of its members to be known as the "normal contribution,'' and an additional amount to be known as the "accrued liability contribution;'' provided that beginning with state fiscal year [2013] 2024 and for each state fiscal year thereafter, in the case of teachers, any employer [shall pay the full amount of such total contributions] other than the state, shall pay 92.5 percent of such total contributions, and 7.5 percent thereof shall be paid by the state; and provided further that, in case of teacher members employed by the state, the state shall pay both normal and accrued liability contributions. The rate percent of such normal contribution in each instance shall be fixed on the basis of the liabilities of the system with respect to the particular members of the various member classifications as shown by actuarial valuation, except as provided in subparagraph (i).
4 Repeal. RSA 100-A:16, II(c-1) relative to employer contributions for fiscal year 2012, is repealed.
I. Sections 2-4 of this act shall take effect July 1, 2023.
II. The remainder of this act shall take effect 60 days after its passage.
2022-1914h
AMENDED ANALYSIS
This bill defines and regulates case management services providers.
The bill also provides that the state shall pay 7.5 percent of contributions of retirement system employers other than the state for group I teachers and group II members.