Revision: Dec. 23, 2022, 9:25 a.m.
2023 SESSION
23-0473.0
02/10
HOUSE BILL [bill number]
AN ACT relative to elimination by political subdivision employers of a group II retirement position.
SPONSORS: [sponsors]
COMMITTEE: [committee]
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ANALYSIS
This bill requires political subdivision employers to obtain an analysis from the retirement system and continue to pay contributions when eliminating or transferring a group II position from full time to part time.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
23-0473.0
02/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Three
AN ACT relative to elimination by political subdivision employers of a group II retirement position.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Paragraph; Participation by Certain Employees of Political Subdivisions; Contributions. Amend RSA 100-A:24 by inserting after paragraph IV the following new paragraph:
V. No political subdivision employer shall eliminate a group II position or transfer a group II position into a part time position without an analysis from the retirement system as to the unfunded liability for that position. The salary used for this analysis will be the greatest salary going back 5 years. The employer portion of the contributions determined under RSA 100-A:16 shall continue to be charged to the political subdivision employer, plus a 20 percent penalty. If the position is restored to a group II contributing position, the penalty shall be terminated and the normal calculation for retirement system contributions will be restored. This provision shall apply to all group II position changes made after January 1, 2020.
2 Effective Date. This act shall take effect 60 days after its passage.