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HB1603: relative to employee representation on the independent investment committee in the New Hampshire retirement system.

Citation
2018 HB1603
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
Inexpedient to Legislate
Committee
Senate Executive Departments and Administration
Hearing
04/25/2018 at 09:00 AM
Selected version
Current official bill text

Sponsors

Topics

Executive administration Business and labor Retirement and pensions

Official links

HB 1603 - AS AMENDED BY THE HOUSE

6Mar2018... 0381h

2018 SESSION

18-2422

10/08

HOUSE BILL 1603

AN ACT relative to employee representation on the independent investment committee in the New Hampshire retirement system.

SPONSORS: Rep. Proulx, Hills. 44; Rep. Schuett, Merr. 20; Rep. Richardson, Coos 4; Rep. Danielson, Hills. 7; Rep. M. McCarthy, Hills. 29; Rep. Bove, Rock. 5

COMMITTEE: Executive Departments and Administration

ANALYSIS

This bill requires that one of the members on the independent investment committee of the retirement system be an active member employee appointed from a list of nominations.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

6Mar2018... 0381h 18-2422

10/08

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eighteen

AN ACT relative to employee representation on the independent investment committee in the New Hampshire retirement system.

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

1 Retirement System; Independent Investment Committee; Appointments. Amend RSA 100-A:14-b, I to read as follows:

I. The independent investment committee shall consist of not more than 5 members, 3 of whom shall be persons who are not members of the board of trustees appointed by the governor with the consent of the council, and up to 2 of whom shall be members of the board of trustees appointed by the chairperson of the board of trustees. Each independent investment committee member shall serve for a term of 3 years. One of the 3 persons appointed by the governor with the consent of the council shall be an active employee member in the retirement system chosen from a list, submitted upon a vacancy, of up to 3 persons nominated by each of the following organizations: the New Hampshire State Employees' Association, the New Hampshire Education Association, the New Hampshire AFL-CIO, the New Hampshire Police Association, the New Hampshire State Permanent Firemen's Association, and the Professional Fire Fighters of New Hampshire.

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