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1 Retirement System; Average Final Compensation; Group II. Amend RSA 100-A:1, XIII(c)(1) to read as follows:
(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 Effective Date. This act shall take effect 60 days after its passage.
Text to be added highlighted in green.
1 Retirement System; Average Final Compensation; Group II. Amend RSA 100-A:1, XIII(c)(1) to read as follows:
(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 the member's last 7 years of creditable service on or after January 1, 2012.
2 Effective Date. This act shall take effect 60 days after its passage.