|
HB 1645-FN-LOCAL – VERSION ADOPTED BY BOTH BODIES
HOUSE BILL 1645-FN-LOCAL
AN ACT relative to administration of the New Hampshire retirement system and benefits for members.
SPONSORS: Rep. D. Eaton, Ches 2; Rep. Millham, Belk 5; Rep. Harding, Graf 11; Rep. Kurk, Hills 7; Sen. Burling, Dist 5; Sen. Fuller Clark, Dist 24
COMMITTEE: Joint Committee on Executive Departments and Administration and Finance
AMENDED ANALYSIS
This bill:
I. Establishes a procedure for COLAs and temporary supplemental allowances paid from the special account.
II. Suspends the annual increase on the medical subsidy.
III. Makes various other changes to the administration of the retirement system, eligibility and funding of benefits, and investment of retirement system assets.
IV. Implements certain recommendations of the commission to make recommendations to ensure the long-term viability of the New Hampshire retirement system established in 2007, 355 (HB 876-FN-LOCAL).
download attached article to read entire bill as passed
Download:
HB 1645 Final Version 6.4.08.doc
|
