Terms Used In New Hampshire Revised Statutes > Chapter 100-C - Judicial Retirement Plan

• Accumulated contributions: means the sum of all the amounts deducted from the compensation of a member. See New Hampshire Revised Statutes 100-C:1
• Actuarial equivalent: means a benefit of equal value when computed at regular interest upon the basis of the mortality tables last adopted by the board of trustees. See New Hampshire Revised Statutes 100-C:1
• Actuary: means :
  (a) A member of the American Academy of Actuaries; or
  (b) An individual who has demonstrated to the satisfaction of the board of trustees that such individual has the educational background necessary for the practice of actuarial science and has had at least 7 years of actuarial experience. See New Hampshire Revised Statutes 100-C:1
• Advice and consent: Under the Constitution, presidential nominations for executive and judicial posts take effect only when confirmed by the Senate, and international treaties become effective only when the Senate approves them by a two-thirds vote.
• Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
• Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
• Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
• Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. ^{Source: OCC}
• Beneficiary: means any person receiving a retirement allowance or other benefit as provided in this chapter. See New Hampshire Revised Statutes 100-C:1
• biennially: when applied to meetings and elections in towns, shall mean the biennial meetings and elections required by law to be holden in the month of November biennially, dating from the commencement of biennial elections in 1878; and the word "annual" when applied to meetings and elections in towns, shall mean the annual meetings and elections required by law to be holden in the month of March. See New Hampshire Revised Statutes 21:7
• board: means the board provided for in N. See New Hampshire Revised Statutes 100-C:1
• Board of trustees: or "board" means the board provided for in N. See New Hampshire Revised Statutes 100-C:1
• Contract: A legal written agreement that becomes binding when signed.
• Creditable service: means prior service plus membership service, as provided in N. See New Hampshire Revised Statutes 100-C:1
• Dependent: A person dependent for support upon another.
• Earnable compensation: means a member's annual salary. See New Hampshire Revised Statutes 100-C:1
• Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Fiduciary: A trustee, executor, or administrator.
• Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
• following: when used by way of reference to any section of these laws, shall mean the section next preceding or following that in which such reference is made, unless some other is expressly designated. See New Hampshire Revised Statutes 21:13
• governor and council: shall mean the governor with the advice and consent of the council. See New Hampshire Revised Statutes 21:31-a
• Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. ^{Source: OCC}
• Judicial retirement plan: or "plan" means the New Hampshire judicial retirement plan as defined in N. See New Hampshire Revised Statutes 100-C:1
• Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
• justice: when applied to a magistrate, shall mean a justice of a municipal court, or a justice of the peace having jurisdiction over the subject-matter. See New Hampshire Revised Statutes 21:12
• Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
• Member: means any full-time supreme court, superior court, or circuit court judge. See New Hampshire Revised Statutes 100-C:1
• Member annuity: means annual payments for life derived from the accumulated contributions of the member. See New Hampshire Revised Statutes 100-C:1
• Membership service: means service rendered while a member of the judicial retirement plan. See New Hampshire Revised Statutes 100-C:1
• month: shall mean a calendar month, and the word "year" a calendar year, unless otherwise expressed; and the word "year" shall be equivalent to the expression "year of our Lord. See New Hampshire Revised Statutes 21:8
• person: may extend and be applied to bodies corporate and politic as well as to individuals. See New Hampshire Revised Statutes 21:9
• plan: means the New Hampshire judicial retirement plan as defined in N. See New Hampshire Revised Statutes 100-C:1
• Probate: Proving a will
• Quorum: The number of legislators that must be present to do business.
• Regular interest: means interest at such rate or rates compounded annually as may be set from time to time by the board of trustees. See New Hampshire Revised Statutes 100-C:1
• Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
• Retirement: means withdrawal from active service with a retirement allowance granted under the provisions of this chapter. See New Hampshire Revised Statutes 100-C:1
• Retirement allowance: means the sum of the member annuity and the state annuity. See New Hampshire Revised Statutes 100-C:1
• Retirement system: means the New Hampshire retirement system as defined in N. See New Hampshire Revised Statutes 100-C:1
• Service: means service as a supreme court, superior court, full-time district court, or full-time probate court justice. See New Hampshire Revised Statutes 100-C:1
• Service of process: The service of writs or summonses to the appropriate party.
• State: means the state of New Hampshire. See New Hampshire Revised Statutes 100-C:1
• State annuity: means annual payments for life derived from contributions by the state. See New Hampshire Revised Statutes 100-C:1
• Trustee: A person or institution holding and administering property in trust.
• United States: shall include said district and territories. See New Hampshire Revised Statutes 21:4