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SB28: (New Title) relative to an active retirement system member appointment to the independent investment committee.
Bill details
Version history, amendments, and roll-call votes were not present in the imported local bill data.
Sponsors
- Kevin Cavanaugh Senate ยท Dist 16
Topics
Executive administration Retirement and pensions
Official links
CHAPTER 61
SB 28 - FINAL VERSION
02/14/2019 0206s
2019 SESSION
19-0960
10/08
SENATE BILL 28
AN ACT relative to an active retirement system member appointment to the independent investment committee.
AMENDED ANALYSIS
This bill requires that a nonvoting member be added to the independent investment committee of the retirement system who is an active retirement system member 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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
02/14/2019 0206s 19-0960
10/08
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Nineteen
AN ACT relative to an active retirement system member appointment to the independent investment committee.
Be it Enacted by the Senate and House of Representatives in General Court convened:
61:1 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 voting 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. There shall also be one nonvoting member appointed by the governor with the consent of the council who shall be an active 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, and the Professional Fire Fighters of New Hampshire. Each independent investment committee member shall serve for a term of 3 years.
61:2 Effective Date. This act shall take effect 60 days after its passage.
Approved: June 05, 2019
Effective Date: August 04, 2019