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1 New Hampshire Retirement System; Definitions. Amend RSA 100-A:1, XXXIV to read as follows:
XXXIV. "Part-time" for purposes of employment of a retired member of the New Hampshire retirement system, but excepting per diem court security officers and court bailiffs, and the assistant director for safety and security of the judicial branch, means employment by one or more participating employers of the retired member which shall not exceed 1,352 hours in a calendar year, except as provided in RSA 100-A:7-b. Notwithstanding the foregoing, no retired member shall be employed on a part-time basis by any participating employer for a period of 28 days from the member's effective date of retirement.
2 Working After Retirement; Exceeding Part-Time Hourly Limit. Amend RSA 100-A:7, II to read as follows:
II. Any retired member who, in any calendar year, works part-time for one or more participating employers and exceeds the maximum permitted hours as provided in RSA 100-A:1, XXXIV, shall forfeit the state annuity portion of his or her retirement allowance, and any allocable cost of living adjustments, with such forfeiture commencing as soon as administratively feasible in the next calendar year and continuing for a period of 12 months.
3 Effective Date. This act shall take effect 60 days after its passage.
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1 New Hampshire Retirement System; Definitions. Amend RSA 100-A:1, XXXIV to read as follows:
XXXIV. "Part-time" for purposes of employment of a retired member of the New Hampshire retirement system, but excepting per diem court security officers and court bailiffs, and the assistant director for safety and security of the judicial branch, means employment by one or more participating employers of the retired member which shall not exceed 1,352 hours in a calendar year, except as provided in RSA 100-A:7-b. Extra or special duty pay shall not be included when calculating the maximum allowable hours in a calendar year for a retired member. Notwithstanding the foregoing, no retired member shall be employed on a part-time basis by any participating employer for a period of 28 days from the member's effective date of retirement.
2 Working After Retirement; Exceeding Part-Time Hourly Limit. Amend RSA 100-A:7, II to read as follows:
II. Any retired member who, in any calendar year, works part-time for one or more participating employers and exceeds the maximum permitted hours as provided in RSA 100-A:1, XXXIV, shall forfeit the state annuity portion of his or her retirement allowance, and any allocable cost of living adjustments, with such forfeiture commencing as soon as administratively feasible in the next calendar year and continuing for a period of 12 months. Extra or special duty pay shall not be included when calculating the maximum allowable hours in a calendar year for a retired member.
3 Effective Date. This act shall take effect 60 days after its passage.