HB1585: relative to environmental, social, and governance-related investment strategies by the state retirement system.

Related law links

RSA references from bill data

• 100-A · amend · effective 2027-01-01

  eir beneficiaries; and (2) Defraying reasonable expenses of administering the system. 3 New Subdivision; New Hampshire Retirement System Financial Interest Standards. Amend RSA 100-A by inserting after section 58 the following new subdivision: New Hampshire Retirement System Financial Interest Standards 100-A:59 Definitions. I. “Financial factor” means a factor that can be objectively demon

• 100-A:15 · amend · effective 2027-01-01

  mpany by the public retirement system for the company’s services. 2 New Subparagraph; Public Officers and Employees; New Hampshire Retirement System; Management of Funds. Amend RSA 100-A:15, II by inserting after subparagraph (c) the following new subparagraph: (d) Discharge its duties solely in the interest of members and beneficiaries in accordance with RSA 100-A:58 through 100-A:65, for the purposes

• 100-A:58 · reference · effective 2027-01-01

  00-A:15, II by inserting after subparagraph (c) the following new subparagraph: (d) Discharge its duties solely in the interest of members and beneficiaries in accordance with RSA 100-A:58 through 100-A:65, for the purposes of: (1) Providing benefits to members and their beneficiaries; and (2) Defraying reasonable expenses of administering the system. 3 New Subdivision; New Hampshire Retirement

• 100-A:59 · reference · effective 2027-01-01

  he retirement system. 100-A:60 Investment Standards and Fiduciary Duty. I. All investment decisions by any fiduciary shall be based solely on financial factors as defined in RSA 100-A:59. II. Fiduciaries shall not rely on environmental, social, political, or ideological ratings, indices, or scores unless they can be demonstrated, through objective and verifiable evidence, to be based exclusively on fin

• 354-B · reference · effective 2027-01-01

  y; (2) Instituting or assessing corporate board, or employment, composition, compensation, or disclosure criteria that incorporates characteristics protected in this state under RSA 354-B; (3) Divesting from, limiting investment in, or limiting the activities or investments of, any company, for failing, or not committing, to meet environmental standards or disclosures; (4) Access to abortion, sex or

• 5-E:2 · reference · effective 2027-01-01

  nd information as the attorney general may deem necessary. II. In addition to any other remedies available at law or equity, a company who serves as a fiduciary and who violates RSA 5-E:2 shall be obligated to pay damages to the state in an amount equal to 3 times all moneys paid to the company by the public retirement system for the company’s services. 2 New Subparagraph; Public Officers and Employees

RSAs mentioned by this document

• RSA 100-A · NEW HAMPSHIRE RETIREMENT SYSTEM
• RSA 354-B · CIVIL RIGHTS ACT
• RSA 100-A:15 · Management of Funds
• RSA 100-A:58 · Repealed by 2023, 79:69 eff. Dec. 1, 2023