New Hampshire Revised Statutes 102:15 – Retirement
Terms Used In New Hampshire Revised Statutes 102:15
- Dismissal: The dropping of a case by the judge without further consideration or hearing. Source:
- 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
- Permanent fireman: shall mean a private fireman or officer regularly employed on full time duty by any fire department of any city, town or precinct in the state. See New Hampshire Revised Statutes 102:2
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Age at | Retirement Benefits | |
Retirement | (percent of average final salary) | |
BRACKET55 | 48.9 | |
56 | 52.0 | |
57 | 55.3 | |
58 | 58.8 | |
59 | 62.5 | |
60 | 66.7 | |
61 | (Benefits to exceed | |
62 | (66.7 percent as may | |
63 | (be determined by | |
64 | (board upon actuarial | |
65 | (valuations |
The “average final salary” shall mean the highest average annual earnable compensation of a member during any 3 consecutive years of service prior to the date of retirement or dismissal, as determined by the board. The retirement benefits shall be paid to the retired member monthly in as nearly equal monthly installments as possible. No permanent fireman who has retired under the provisions of this chapter shall be paid for any service performed in the fire department during the time of his retirement unless it be for specific duty during a period of public emergency. The board shall have the right to further increase the actuarial table of rates of retirement benefits accruing to members retiring on account of age, between the ages of 55 and 65 inclusive, based upon periodic actuarial valuations of the retirement system.