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SB470: relative to retirement system service credit for employment as a full-time police officer with the university system of New Hampshire.

Citation
2010 SB470
Official source

Bill details

Version history, amendments, and roll-call votes were not present in the imported local bill data.

House status
Passed/Adopted with Amendment
Senate status
Nonconcurred
Committee
HOUSE Executive Departments and Administration
Hearing
04/27/2010 at 01:15 PM
Selected version
Current official bill text

Sponsors

Topics

Executive administration Criminal justice and courts Education Retirement and pensions

Official links

SB 470-FN – AS AMENDED BY THE HOUSE

03/03/10 0824s

12May2010… 1161h

2010 SESSION

10-2814

10/09

SENATE BILL 470-FN

AN ACT relative to repealing the authority for retirement system members to purchase service credit for certain out-of-state service.

SPONSORS: Sen. D'Allesandro, Dist 20; Sen. Downing, Dist 22; Sen. Houde, Dist 5; Sen. Merrill, Dist 21; Rep. Shurtleff, Merr 10; Rep. D. Sullivan, Hills 8; Rep. R. Holden, Hills 7; Rep. Kaen, Straf 7

COMMITTEE: Executive Departments and Administration

AMENDED ANALYSIS

This bill repeals provisions which allow group I and group II members of the New Hampshire retirement system to purchase credit for out-of-state service.

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Explanation: Matter added to current law appears in bold italics.

Matter removed from current law appears [in brackets and struckthrough.]

Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

03/03/10 0824s

12May2010… 1161h

10-2814

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Ten

AN ACT relative to repealing the authority for retirement system members to purchase service credit for certain out-of-state service.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Repeal. The following are repealed:

I. RSA 100-A:4-b, relative to group I employees and teachers purchase of credit for out-of-state service.

II. RSA 100-A:4-c, relative to group II members purchase of credit for out-of state service.

2 Effective Date. This act shall take effect 60 days after its passage.

LBAO

10-2814

Amended 04/08/10

SB 470 FISCAL NOTE

AN ACT relative to retirement system service credit for employment as a full-time police officer with the university system of New Hampshire.

FISCAL IMPACT:

The New Hampshire Retirement System states this bill, as amended by the Senate (Amendment #2010-0824s), has no fiscal impact on state, county, and local revenue or expenditures.

METHODOLOGY:

The New Hampshire Retirement System states this bill allows former University System police officers who join the New Hampshire Retirement System as group II permanent policeman members to purchase this service to the University System as creditable service for Retirement System purposes. The System states these members will be required to pay the full actuarial cost of the service, as well as any associated actuarial calculation fee, so it will not have a direct impact on the calculation of employer contribution rates.