New Hampshire Revised Statutes 100-A:19-e – Vested Deferred Retirement
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Terms Used In New Hampshire Revised Statutes 100-A:19-e
- Average final compensation: shall mean :
(a) For members who have attained vested status prior to January 1, 2012, the average annual earnable compensation of a member during his or her highest 3 years of creditable service, or during all of the years in his or her creditable service if less than 3 years. See New Hampshire Revised Statutes 100-A:1 - Creditable service: shall mean prior service plus membership service, as provided in N. See New Hampshire Revised Statutes 100-A:1
- Member: shall mean any person included in the membership of the retirement system, as provided in N. See New Hampshire Revised Statutes 100-A:1
- Retirement: shall mean withdrawal from active service with a retirement allowance granted under the provisions hereof. See New Hampshire Revised Statutes 100-A:1
- Retirement allowance: shall mean the sum of the member annuity and the state annuity. See New Hampshire Revised Statutes 100-A:1
- Retirement system: shall mean the New Hampshire Retirement System as defined in N. See New Hampshire Revised Statutes 100-A:1
- Service: shall mean service as an employee, a teacher, a permanent policeman or a permanent fireman which is paid for by an employer. See New Hampshire Revised Statutes 100-A:1
Notwithstanding the vesting requirements of N.H. Rev. Stat. § 100-A:10, any member who has creditable service in both group I and group II with at least 10 years combined creditable service and who, for reasons other than retirement or death, ceases to be a member of the retirement system may elect, as provided in N.H. Rev. Stat. § 100-A:10, to receive a vested deferred retirement allowance. A member who has made such election shall receive a split-benefit vested deferred retirement allowance commencing upon attainment of the minimum age as set forth in N.H. Rev. Stat. § 100-A:19-b in an amount equal to the service retirement allowance as provided in N.H. Rev. Stat. § 100-A:19-c based on average final compensation and creditable service at the time service is terminated, or at an earlier age in a reduced amount as provided in N.H. Rev. Stat. § 100-A:19-d.