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RSA 100-A:24 · Contributions
100-A:24 Contributions. –
Copy linkEmployees who have become members of the retirement system under the provisions of this subdivision shall contribute at the same rates of contribution and on the same basis as state employees.
Copy linkEmployers whose employees become members of the retirement system under the provisions of this subdivision shall make contributions in behalf of their employees corresponding to the contributions which the state makes in behalf of state employees, except that each employer shall make a special accrued liability contribution, which shall be determined by an actuarial valuation of the accrued liability on account of the employees of such employer who elect to become members, in the same way as the accrued liability contribution is determined for state employees. The accrued liability contribution, as so determined, shall be payable by each employer in lieu of the accrued liability contribution payable by the state on account of state employees. The expense of making the valuation to determine the accrued liability upon which the annual contribution shall be based shall be assessed against and paid by the employer or employers on whose account the valuation is necessary.
Copy linkThe contributions payable by employers whose employees participate in the retirement system shall be certified by the board of trustees to the chief fiscal officer of the employer and shall include a pro rata share of the cost of administration of the retirement system based upon the payroll of the employees of the employer who are members. The amounts so certified shall be a charge against the employer. The chief fiscal officer of each such employer shall pay to the state treasurer the amount certified by the board of trustees as payable under the provisions of this subdivision, and the state treasurer shall credit such amounts to the appropriate funds of the retirement system.
Copy linkThe agreement of any employer to contribute on account of its employees shall be irrevocable, but should an employer for any reason become financially unable to make the contributions payable on account of its employees as set forth in this subdivision, then such employer shall be deemed to be in default. All members of the retirement system who were employees of such employer at the time of default shall thereupon be entitled to discontinue membership and to a refund of their previous contributions upon demand made within 90 days thereafter. As of a date 90 days following the date of such default, the board shall have an actuary determine by actuarial valuation the amount of the reserves held on account of each remaining active member and beneficiary of such employer and shall credit to each such member and beneficiary the amount of reserves so held. The reserves so credited, together with the amount of the accumulated contributions of each such active member, shall be used to provide for him a paid-up deferred annuity beginning at age 65, and the reserve of each beneficiary shall be used in providing such part of his existing retirement allowance as the reserve so held will provide, which retirement allowance shall thereafter be payable to him. The rights and privileges of both active members and beneficiaries of such employer shall thereupon terminate, except as to the payment of the deferred annuity so provided and the retirement allowance, or parts thereof, provided for the beneficiaries. Source. 1967, 134:1, eff. July 1, 1967.
Copy linkSource note
Source. 1967, 134:1, eff. July 1, 1967.
Source history
- 1967, 134:1, eff. July 1, 1967
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Bill relationships
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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
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2026 HB1585-FN
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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
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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
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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
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2026 HB728
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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
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2026 HB728-FN
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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
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2025 HB2
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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