New Hampshire Revised Statutes 100-A:56 – State Retiree Health Plan Commission
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I. There is hereby established a state retiree health plan commission consisting of the following members:
(a) One member of the house of representatives, appointed by the speaker of the house of representatives.
(b) One member of the senate, appointed by the president of the senate.
(c) One member appointed by the governor.
(d) The state treasurer.
(e) The commissioner of the department of administrative services, or designee.
II. Legislative members of the commission shall receive mileage at the legislative rate while attending to the duties of the commission.
III. The commission shall:
(a) Determine the actuarial assumptions to be used in the actuarial valuation of liabilities relative to state retiree health benefits.
(b) Ensure that an actuarial valuation report is completed by a qualified, independent actuary and submitted to the speaker of the house of representatives, the president of the senate, and the governor, on or before December 31 of every odd-numbered year.
(c) [Repealed.]
(d) [Repealed.]
IV. The members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the member appointed by the speaker of the house of representatives. The first meeting of the commission shall be held within 45 days of the effective date of this section. Three members of the commission shall constitute a quorum. The terms of the members of the commission shall be coterminous with their terms of office.
(a) One member of the house of representatives, appointed by the speaker of the house of representatives.
Terms Used In New Hampshire Revised Statutes 100-A:56
- Actuary: shall mean (a) a member of the American Academy of Actuaries or (b) an individual who has demonstrated to the satisfaction of the state insurance commissioner that he 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-A:1
- 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
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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
- Quorum: The number of legislators that must be present to do business.
- State: shall mean the state of New Hampshire. See New Hampshire Revised Statutes 100-A:1
(b) One member of the senate, appointed by the president of the senate.
(c) One member appointed by the governor.
(d) The state treasurer.
(e) The commissioner of the department of administrative services, or designee.
II. Legislative members of the commission shall receive mileage at the legislative rate while attending to the duties of the commission.
III. The commission shall:
(a) Determine the actuarial assumptions to be used in the actuarial valuation of liabilities relative to state retiree health benefits.
(b) Ensure that an actuarial valuation report is completed by a qualified, independent actuary and submitted to the speaker of the house of representatives, the president of the senate, and the governor, on or before December 31 of every odd-numbered year.
(c) [Repealed.]
(d) [Repealed.]
IV. The members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the member appointed by the speaker of the house of representatives. The first meeting of the commission shall be held within 45 days of the effective date of this section. Three members of the commission shall constitute a quorum. The terms of the members of the commission shall be coterminous with their terms of office.