New Hampshire Revised Statutes 21-I:30-e – Employee and Retiree Benefit Risk Management Fund
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I. There is hereby established the employee and retiree benefit risk management fund, which shall be administered by the department of administrative services. The fund shall be nonlapsing and continually appropriated to the department of administrative services.
II. All funds accumulated from any source for active state employee health benefits shall be accounted for in the fund established in paragraph I. The fund shall be used to pay for active state employee health care expenses and any administrative costs related thereto pursuant to N.H. Rev. Stat. § 21-I:30, N.H. Rev. Stat. § 21-I:30-a, and N.H. Rev. Stat. § 21-I:30-b and shall not be used for any other purpose.
III. All funds accumulated from any source for state retiree health benefits also shall be accounted for in the fund established in paragraph I. The fund shall be used to pay for state retiree health care expenses and any administrative costs related thereto pursuant to N.H. Rev. Stat. § 21-I:30, N.H. Rev. Stat. § 21-I:30-a, and N.H. Rev. Stat. § 21-I:30-b, and for expenses related to the production of the biennial actuarial valuation report, and shall not be used for any other purpose.
IV. At the end of each fiscal year, the state treasurer shall credit the fund with interest and any other income earned.
II. All funds accumulated from any source for active state employee health benefits shall be accounted for in the fund established in paragraph I. The fund shall be used to pay for active state employee health care expenses and any administrative costs related thereto pursuant to N.H. Rev. Stat. § 21-I:30, N.H. Rev. Stat. § 21-I:30-a, and N.H. Rev. Stat. § 21-I:30-b and shall not be used for any other purpose.
Terms Used In New Hampshire Revised Statutes 21-I:30-e
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- state: when applied to different parts of the United States, may extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall include said district and territories. See New Hampshire Revised Statutes 21:4
III. All funds accumulated from any source for state retiree health benefits also shall be accounted for in the fund established in paragraph I. The fund shall be used to pay for state retiree health care expenses and any administrative costs related thereto pursuant to N.H. Rev. Stat. § 21-I:30, N.H. Rev. Stat. § 21-I:30-a, and N.H. Rev. Stat. § 21-I:30-b, and for expenses related to the production of the biennial actuarial valuation report, and shall not be used for any other purpose.
IV. At the end of each fiscal year, the state treasurer shall credit the fund with interest and any other income earned.