New Hampshire Revised Statutes 100-A:36 – Termination of the New Hampshire Teachers’ Retirement System
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Terms Used In New Hampshire Revised Statutes 100-A:36
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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 system: shall mean the New Hampshire Retirement System as defined in N. See New Hampshire Revised Statutes 100-A:1
Effective July 1, 1973, the New Hampshire teachers’ retirement system as provided under N.H. Rev. Stat. § 192:1-29 shall cease to exist as an operating retirement system. All assets and liabilities of the New Hampshire teachers’ retirement system are hereby transferred to the New Hampshire retirement system to be administered in accordance with N.H. Rev. Stat. § 100-A:35. The regulations and provisions of the New Hampshire teachers’ retirement system shall be considered a part of the regulations and provisions of the New Hampshire retirement system for purposes of administering N.H. Rev. Stat. § 100-A:35.