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RSA 100-A:14-b · Independent Investment Committee

Title: VI: PUBLIC OFFICERS AND EMPLOYEES
Chapter: 100-A · NEW HAMPSHIRE RETIREMENT SYSTEM
Status: current
Official source linked: Yes

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100-A:14-b Independent Investment Committee. – There is hereby established the independent investment committee.

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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.

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II.

Each member of the independent investment committee shall have substantial experience in the field of institutional investment or finance, other than their experience as trustees of the New Hampshire retirement system, taking into account factors such as educational background, business experience, and professional licensure and designations.

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III.

As provided in RSA 100-A:15, the independent investment committee shall recommend an investment policy and investment consultants to the full board for approval. The independent investment committee shall review investment performance, choose fund managers, and make investments and deposits on behalf of the board. Source. 2008, 300:17, eff. Jan. 1, 2009. 2017, 151:1, eff. Aug. 15, 2017. 2019, 61:1, eff. Aug. 4, 2019.

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Source note

Source. 2008, 300:17, eff. Jan. 1, 2009. 2017, 151:1, eff. Aug. 15, 2017. 2019, 61:1, eff. Aug. 4, 2019.

Source history

2008, 300:17, eff. Jan. 1, 2009
2017, 151:1, eff. Aug. 15, 2017
2019, 61:1, eff. Aug. 4, 2019

Related materials

Bill relationships

2026 HB1170 amend · effective 2026-06-30
rement system. Be it Enacted by the Senate and House of Representatives in General Court convened: 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,
2026 HB1585 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
2026 HB1585-FN 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
2026 HB727 amend · effective 2026-01-01
editable service not in excess of 40.5 years. 6 Group II Service Retirement Benefits. Amend RSA 100-A:5, II(c)(1) to read as follows: (c)(1) Notwithstanding any provision of RSA 100-A to the contrary, any group II member who is in vested status before January 1, [2012] September 1, 2013 and has retired on or after the effective date of this subparagraph after attaining the age of 45 with at least 20
2026 HB727-FN amend · effective 2026-01-01
editable service not in excess of 40.5 years. 6 Group II Service Retirement Benefits. Amend RSA 100-A:5, II(c)(1) to read as follows: (c)(1) Notwithstanding any provision of RSA 100-A to the contrary, any group II member who is in vested status before January 1, [2012] September 1, 2013 and has retired on or after the effective date of this subparagraph after attaining the age of 45 with at least 20
2026 HB728 add · effective 2028-01-01
cent of the amount collected to the lottery commission for payment for problem gaming services; (c) 4 3/4 percent of the amount collected to the group II retirement system under RSA 100-A; and (d) The remainder of the amount collected to the lottery commission for use according to the special fund established under RSA 284:21-j. II. Charitable organizations from within the executive council district w
2026 HB728-FN add · effective 2028-01-01
cent of the amount collected to the lottery commission for payment for problem gaming services; (c) 4 3/4 percent of the amount collected to the group II retirement system under RSA 100-A; and (d) The remainder of the amount collected to the lottery commission for use according to the special fund established under RSA 284:21-j. II. Charitable organizations from within the executive council district w
2026 SB502 amend
ecial conditions of urbanization exist along the portion of shoreland to be exempted. 14 New Paragraph; New Hampshire Retirement System; Independent Investment Committee. Amend RSA 100-A:14-b by inserting after paragraph III the following new paragraph: IV. Notwithstanding RSA 91-A or any other provision of law to the contrary, independent investment committee members shall be permitted to participate in m
2026 SB502-FN amend
ecial conditions of urbanization exist along the portion of shoreland to be exempted. 14 New Paragraph; New Hampshire Retirement System; Independent Investment Committee. Amend RSA 100-A:14-b by inserting after paragraph III the following new paragraph: IV. Notwithstanding RSA 91-A or any other provision of law to the contrary, independent investment committee members shall be permitted to participate in m
2025 HB2 repeal
retain eligibility for the benefits applicable to their initial retirement and the calculation of average final compensation. The calculation of other benefits resulting from the return to active service under RSA 100-A shall not apply. 141:450 Repeal. RSA 100-A:5, II(d), relative to the retirement group II annuity multiplier table, is repealed. 141:451 Public Officers and Employees; Method of Financing; 2027 Change. Amend RS