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1 New Section; Supplemental Allowance; Certain Group II Members. Amend RSA 100-A by inserting after section 41-e the following new section:
100-A:41-f Supplemental Allowance; Group II.
I.(a) Any retired group II member of the New Hampshire retirement system or any of its predecessor systems, who has been retired for at least 120 months but not more than 239 months prior to or on July 1, 2025, or any beneficiary or such member who is receiving an allowance, shall be entitled to receive a supplemental allowance. The amount of such supplemental allowance shall be the result of the calculation of $500 times every year the member has been retired following the member's eligibility date.
(b) Any retired group II member of the New Hampshire retirement system or any of its predecessor systems, who has been retired for at least 240 months, prior to or on July 1, 2025 or any beneficiary of such member who is receiving an allowance, shall be entitled to receive a supplemental allowance. The amount of the supplemental allowance shall be $5000.
II. The total cost of the supplemental allowance in paragraph I, as determined by the actuary and certified by the board of trustees of the retirement system, shall be funded from the state general fund. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
III. The supplemental allowance shall become a permanent addition to the beneficiary's base retirement allowance and shall be included in the monthly annuity paid to the retired member, or to the member's beneficiary if the member is deceased and the beneficiary is receiving an allowance for the group II under RSA 100-A:8, 100-A:9, 100-A:12, 100-A:13, or similar provisions of predecessor systems.
IV. The payment of the supplemental allowance under this section shall be made by the retirement system as soon as administratively practicable after the effective date of this section, but not later than January 1, 2027.
2 Effective Date. This act shall take effect June 30, 2026.
Text to be added highlighted in green.
1 New Section; Supplemental Allowance; Certain Group II Members. Amend RSA 100-A by inserting after section 41-e the following new section:
100-A:41-f Supplemental Allowance; Group II.
I.(a) Any retired group II member of the New Hampshire retirement system or any of its predecessor systems, who has been retired for at least 120 months but not more than 239 months prior to or on July 1, 2025, or any beneficiary or such member who is receiving an allowance, shall be entitled to receive a supplemental allowance. The amount of such supplemental allowance shall be the result of the calculation of $500 times every year the member has been retired following the member's eligibility date.
(b) Any retired group II member of the New Hampshire retirement system or any of its predecessor systems, who has been retired for at least 240 months, prior to or on July 1, 2025 or any beneficiary of such member who is receiving an allowance, shall be entitled to receive a supplemental allowance. The amount of the supplemental allowance shall be $5000.
II. The total cost of the supplemental allowance in paragraph I, as determined by the actuary and certified by the board of trustees of the retirement system, shall be funded from the state general fund. The governor is authorized to draw a warrant for said sum out of any money in the treasury not otherwise appropriated.
III. The supplemental allowance shall become a permanent addition to the beneficiary's base retirement allowance and shall be included in the monthly annuity paid to the retired member, or to the member's beneficiary if the member is deceased and the beneficiary is receiving an allowance for the group II under RSA 100-A:8, 100-A:9, 100-A:12, 100-A:13, or similar provisions of predecessor systems.
IV. The payment of the supplemental allowance under this section shall be made by the retirement system as soon as administratively practicable after the effective date of this section, but not later than January 1, 2027.
2 Effective Date. This act shall take effect June 30, 2026.