Revision: March 29, 2023, 12:07 p.m.
Rep. D. McGuire, Merr. 14
March 16, 2023
2023-1045h
10/07
Amendment to HB 250-FN
Amend the title of the bill by replacing it with the following:
AN ACT relative to the accidental death benefit payable for a retirement system member.
Amend the bill by replacing all after the enacting clause with the following:
1 Retirement System; Accidental Death Benefits; Group I; Annuity Payable Upon Death. Amend RSA 100-A:8, I (b) to read as follows:
(b) Upon the accidental death of a group I member the amount of the state annuity payable shall be equal to [50] 100 percent of the member's average final compensation, but which shall not exceed $85,000.
2 Retirement System; Accidental Death Benefits; Group II; Annuity Payable Upon Death. Amend RSA 100-A:8, II (b) to read as follows:
(b) Upon the accidental death of a group II member the amount of the state annuity payable shall be equal to [50] 100 percent of the member's [annual rate of earnable compensation at the date of the member's death] average final compensation, but which shall not exceed $85,000.
3 Effective Date. This act shall take effect 60 days after its passage.
2023-1045h
AMENDED ANALYSIS
This bill increases the amount of the state retirement annuity payable upon the accidental death of a retirement system member, but which shall not exceed $85,000.