New Hampshire Revised Statutes 100-B:4-a – Hazardous Duty Group
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I. A sponsor may establish a hazardous duty group as an addition to the service awards program in this chapter according to the procedure for adoption provided in N.H. Rev. Stat. § 100-B:3. Upon adoption of a hazardous duty group by a sponsor, the sponsor shall allocate 7.5 percent of base pay compensation of a participant for services performed for contribution to the trust fund under N.H. Rev. Stat. § 100-B:8.
II. The committee shall establish in rules adopted pursuant to N.H. Rev. Stat. Chapter 541-A the following:
(a) The procedures and requirements for participation in the deferred compensation plan by members of a hazardous duty group.
(b) The definition and determination of compensation or base pay of a hazardous duty group participant.
(c) The administration and qualification of the provision of this section as a safe harbor retirement benefit plan in compliance with Internal Revenue Code requirements, and applicable Internal Revenue Service rules and orders.
II. The committee shall establish in rules adopted pursuant to N.H. Rev. Stat. Chapter 541-A the following:
Terms Used In New Hampshire Revised Statutes 100-B:4-a
- 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
(a) The procedures and requirements for participation in the deferred compensation plan by members of a hazardous duty group.
(b) The definition and determination of compensation or base pay of a hazardous duty group participant.
(c) The administration and qualification of the provision of this section as a safe harbor retirement benefit plan in compliance with Internal Revenue Code requirements, and applicable Internal Revenue Service rules and orders.