100-A:1 Definitions. – The following words and phrases as used in this chapter, unless a different meaning is plainly required by the context, shall have the following meanings: I. "Retirement system" shall mean the New Hampshire Retirement System as defined in RSA 100-A:2. II. "Board of trustees" or "board" shall mean the board provided […]
100-A:10 Vested Deferred Retirement Benefit. – I. Group I Members. (a) A group I member who has completed 10 years of creditable service and who, for reasons other than retirement or death, ceases to be an employee or teacher shall be deemed in vested status and upon meeting the eligibility requirements of subparagraph (b) […]
100-A:10-a Repealed by 1988, 191:6, eff. July 1, 1988. –
100-A:11 Return of Members’ Contributions. – I. Group I Members. (a) If a group I member ceases to be an employee or teacher for reasons other than retirement or death and if he or she has not elected to receive a vested deferred retirement allowance under RSA 100-A:10, the amount of his or her […]
100-A:11-a Eligible Rollover Distributions; Direct Transfer. – The distribution of benefits and return of accumulated contributions under this chapter shall be in conformance with the requirements of Internal Revenue Code section 401(a)(31) to the extent that the Code section applies to a qualified governmental plan within the meaning of Internal Revenue Code sections 401(a) […]
100-A:12 Benefits Upon Member’s Death After Retirement-Group II Members. – I. Upon the death of a retired group II member who retired before April 1, 1987, after the member’s retirement allowance payments have commenced, there shall be paid to the person nominated by the member by written designation filed with the board, if living, […]
100-A:12-a Payments in Lieu of Payments to Estates. – I. Notwithstanding any other provision under this chapter to the contrary, in the event that any payment in the amount of $15,000 or less is to be made by the New Hampshire retirement system to the estate of a deceased member or beneficiary, the retirement […]
100-A:13 Optional Allowances. – I. Any active member; any member who has reached service retirement age as provided in RSA 100-A:5, I(a), or II(a), or RSA 100-A:19-b; any retiree within 120 days after the date of the original notice of retirement provided by the retirement system, not to include any future benefit adjustments that […]
100-A:13-a Designation of Beneficiaries; Effect. – When more than one person is designated by the member as beneficiary under this title, the member may provide the portion of the whole sum which each designee shall receive and may also provide that on the death of one of multiple designees the share of that designee […]
100-A:13-b Maximum Benefit Limitations. – Notwithstanding any other provisions of this chapter, the maximum benefit payable to any retired member or beneficiary of the New Hampshire retirement system shall be limited to such extent as may be necessary to conform to the requirements of sections 401(a)(9) and 415 of the United States Internal Revenue […]
100-A:14 Administration. – I. The administration of this system is vested in a board of 13 trustees. Each newly appointed or reappointed trustee shall have familiarity with or experience in finance or business management. The state treasurer shall be an ex officio voting member of the board. The governor and council shall appoint 4 […]
100-A:14-a Subcommittees of the Board of Trustees. – I. The board of trustees shall establish subcommittees, to include but not be limited to, an audit committee. II. Each subcommittee shall consist of members of the board of trustees. At least one member of the audit committee shall be experienced in the field of public […]
100-A:14-b Independent Investment Committee. – There is hereby established the independent investment committee. I. 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 […]
100-A:15 Management of Funds. – I. The members of the board of trustees shall be the trustees of the several funds created hereby and shall set the investment policy relative to those funds. The independent investment committee shall have full power to invest and reinvest such funds in accordance with the policy set by […]
100-A:16 Method of Financing. – All of the assets of the retirement system shall be credited, according to the purpose for which they are held, between 2 funds, namely, the member annuity savings fund and the state annuity accumulation fund. Each of the funds shall be subdivided on account of the various member classifications. […]
100-A:17 Repealed by 2014, 183:9, I, eff. July 1, 2014. –
100-A:18 Repealed by 1988, 161:11, IV, eff. July 1, 1988. –
100-A:19 Repealed by 2014, 48:1, eff. July 1, 2014. –
100-A:19-a Applicability. – This subdivision applies to any member of the New Hampshire retirement system who has creditable service in both group I and group II, whether by reason of job re-classification, transfer from one job to another, or termination of employment in one job and re-employment in another. The provisions of this subdivision […]
100-A:19-b Minimum Age. – For the purposes of this subdivision only, minimum age shall mean: I. For a member who has completed less than 20 years combined creditable service in both group I and group II, 60 years. II. (a) For a member who is in vested status before January 1, 2012 and, who […]
