Text to be removed highlighted in red.
1 Retirement System; Group II; Date Change for Application of Retirement Provisions Adopted in 2011 to Members in Vested Status. Amend the following RSA provisions by replacing the term "January 1, 2012" with the term "January 1, 2014": 21-I:30, VIII; 100-A:1, XVII(a); 100-A:1, XVII(b)(1); 100-A:1, XVIII(a); 100-A:1, XVIII(b)(1) and (2); 100-A:1, XXXVII (b)(1) and (3); 100-A:5, II(a); 100-A:5, II(b)(2); 100-A:5, II(c)(1); 100-A:6, II(b); 100-A:6, II(d)(1) and (3); 100-A:6-a; 100-A:10, II(b); 100-A:16, I(aa); 100-A:19-b, II(a) and (c); 100-A:19-d.
2 Retirement System; Service Retirement; Transition Provisions for Group II. Amend RSA 100-A:5, II(d) to read as follows:
(d) Active group II members who commenced service prior to July 1, 2011 and who have not attained vested status prior to January 1, 2012 shall be subject to the following transition provisions for years of service required for regular service retirement, the minimum age for regular service retirement, and the multiplier used to calculate the retirement annuity, which shall be applicable on or after January 1, 2012 according to the following table:
Creditable service Minimum years Minimum Annuity
on January 1, 2012 of service age attained multiplier
(1) Less than 4 years 24 age 49 2.1%
(2) At least 4 years 23 age 48 2.2%
but less than 6 years
(3) At least 6 years but 22 age 47 2.3%
less than 8 years
*(4) At least 8 years but 21 age 46 2.4%
less than 10 years*
3 Effective Date. This act shall take effect December 1, 2024.
Text to be added highlighted in green.
1 Retirement System; Group II; Date Change for Application of Retirement Provisions Adopted in 2011 to Members in Vested Status. Amend the following RSA provisions by replacing the term "January 1, 2012" with the term "January 1, 2014": 21-I:30, VIII; 100-A:1, XVII(a); 100-A:1, XVII(b)(1); 100-A:1, XVIII(a); 100-A:1, XVIII(b)(1) and (2); 100-A:1, XXXVII (b)(1) and (3); 100-A:5, II(a); 100-A:5, II(b)(2); 100-A:5, II(c)(1); 100-A:6, II(b); 100-A:6, II(d)(1) and (3); 100-A:6-a; 100-A:10, II(b); 100-A:16, I(aa); 100-A:19-b, II(a) and (c); 100-A:19-d.
2 Retirement System; Service Retirement; Transition Provisions for Group II. Amend RSA 100-A:5, II(d) to read as follows:
(d) Active group II members who commenced service prior to July 1, 2011 and who have not attained vested status prior to January 1, 2014 shall be subject to the following transition provisions for years of service required for regular service retirement, the minimum age for regular service retirement, and the multiplier used to calculate the retirement annuity, which shall be applicable on or after January 1, 2014 according to the following table:
Creditable service Minimum years Minimum Annuity
on January 1, 2012 of service age attained multiplier
(1) Less than 4 years 24 age 49 2.2%
(2) At least 4 years 23 age 48 2.3%
but less than 6 years
(3) At least 6 years but 22 age 47 2.4%
less than 8 years
3 Effective Date. This act shall take effect December 1, 2024.