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  • HB 1645-FN-LOCAL – VERSION ADOPTED BY BOTH BODIES
    Updated On: Jun 09, 2017

    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

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