New Hampshire Revised Statutes 100-A:58 – Retirement Benefits Commission
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I. There is established a commission to study retirement benefits and retention of employees.
II. The members of the commission shall be as follows:
(a) Four members of the senate, at least one of whom shall be a member of the minority party, appointed by the president of the senate.
(b) Four members of the house of representatives, at least one of whom shall be a member of the minority party, appointed by the speaker of the house of representatives.
(c) One representative of the New Hampshire Municipal Association, appointed by the association.
(d) One representative of the New Hampshire School Boards Association, appointed by the association.
(e) One representative of the New Hampshire Association of Counties, appointed by the association.
(f) One representative of the Professional Firefighters of New Hampshire, appointed by that organization.
(g) One representative of the New Hampshire Troopers Association or New Hampshire Police Association, appointed by mutual agreement.
(h) One teacher, appointed by the National Education Association-New Hampshire.
(i) One state employee, appointed by the New Hampshire State Employees Association.
III. Legislative members of the commission shall receive mileage at the legislative rate when attending to the duties of the commission.
IV. The commission shall examine issues surrounding retirement benefits, including:
(a) The impact retirement benefits have on the retention of employees and the ability to attract new employees.
(b) Whether changes to the current benefit structure are warranted, including the cost and funding source of any proposed change.
(c) The report of the decennial retirement commission.
(d) Analyzing the financial status of the retirement system and performing a risk assessment to the system.
(e) Whether cost of living adjustments (COLAs) or stipend are appropriate and could be funded through employer and employee contributions.
(f) Making recommendations ensuring the long-term viability of the New Hampshire retirement system.
(g) Considering the effect that policy changes have on the state and political subdivisions.
(h) Consideration of a state employer match toward state employee contributions under the state of New Hampshire public employees deferred compensation plan.
V. Members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the first-named senate member. The first meeting of the commission shall be held within 45 days of the effective date of this section. Eight members of the commission shall constitute a quorum.
VI. The commission shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before December 1, 2023.
II. The members of the commission shall be as follows:
Terms Used In New Hampshire Revised Statutes 100-A:58
- Employee: shall mean any regular classified, nonclassified, or unclassified officer or employee of the state or any department, commission, institution or agency of the state government by which an employee is paid through the office of the state treasurer, or employees of the general court who work on a full-time basis and are eligible for other state benefits, but whose salary is calculated on a per diem basis, or any employee of the retirement system, or any full-time employee of the community college system of New Hampshire who is an active retirement system member or who elects membership in the retirement system, or of any of the groups authorized to participate under this chapter but excluding any person who is a teacher, permanent policeman, or permanent fireman as defined in this section, or who is a member or attache of the general court or member of the executive council. See New Hampshire Revised Statutes 100-A:1
- Employer: shall mean (a) the state or any department, commission, institution, or agency of the state government by which an employee is paid through the office of the state treasurer with respect to their employees, (b) the state, the local school district, or other employers of teachers eligible for membership in the system with respect to the teachers in their employ, (c) any police department or police force of the state, or of any county, city, town, village, or precinct in the state with respect to the permanent policemen in their employ, (d) any fire department of the state, or of any county, city, town, village, or precinct in the state with respect to the permanent firemen in their employ, (e) any political subdivision that has elected to participate under 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
- Quorum: The number of legislators that must be present to do business.
- 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
- State: shall mean the state of New Hampshire. See New Hampshire Revised Statutes 100-A:1
- Teacher: shall mean any regular or special teacher, principal, supervisor or administrator, librarian or other member of the teaching or professional staff engaged in the service of the public elementary and secondary schools located within the state and supported by and under the control of the state, the local school district, or other employers of teachers eligible for membership in the system. See New Hampshire Revised Statutes 100-A:1
(a) Four members of the senate, at least one of whom shall be a member of the minority party, appointed by the president of the senate.
(b) Four members of the house of representatives, at least one of whom shall be a member of the minority party, appointed by the speaker of the house of representatives.
(c) One representative of the New Hampshire Municipal Association, appointed by the association.
(d) One representative of the New Hampshire School Boards Association, appointed by the association.
(e) One representative of the New Hampshire Association of Counties, appointed by the association.
(f) One representative of the Professional Firefighters of New Hampshire, appointed by that organization.
(g) One representative of the New Hampshire Troopers Association or New Hampshire Police Association, appointed by mutual agreement.
(h) One teacher, appointed by the National Education Association-New Hampshire.
(i) One state employee, appointed by the New Hampshire State Employees Association.
III. Legislative members of the commission shall receive mileage at the legislative rate when attending to the duties of the commission.
IV. The commission shall examine issues surrounding retirement benefits, including:
(a) The impact retirement benefits have on the retention of employees and the ability to attract new employees.
(b) Whether changes to the current benefit structure are warranted, including the cost and funding source of any proposed change.
(c) The report of the decennial retirement commission.
(d) Analyzing the financial status of the retirement system and performing a risk assessment to the system.
(e) Whether cost of living adjustments (COLAs) or stipend are appropriate and could be funded through employer and employee contributions.
(f) Making recommendations ensuring the long-term viability of the New Hampshire retirement system.
(g) Considering the effect that policy changes have on the state and political subdivisions.
(h) Consideration of a state employer match toward state employee contributions under the state of New Hampshire public employees deferred compensation plan.
V. Members of the commission shall elect a chairperson from among the members. The first meeting of the commission shall be called by the first-named senate member. The first meeting of the commission shall be held within 45 days of the effective date of this section. Eight members of the commission shall constitute a quorum.
VI. The commission shall report its findings and any recommendations for proposed legislation to the president of the senate, the speaker of the house of representatives, the senate clerk, the house clerk, the governor, and the state library on or before December 1, 2023.