Bill Text: NH HB1688 | 2018 | Regular Session | Introduced
Bill Title: Relative to salary ratios for employers and employees.
Spectrum: Partisan Bill (Democrat 5-0)
Status: (Introduced - Dead) 2018-03-06 - Inexpedient to Legislate: Motion Adopted Voice Vote 03/06/2018 House Journal 6 P. 49 [HB1688 Detail]
Download: New_Hampshire-2018-HB1688-Introduced.html
HB 1688 - AS INTRODUCED
2018 SESSION
18-2518
04/03
HOUSE BILL 1688
AN ACT relative to salary ratios for employers and employees.
SPONSORS: Rep. Cleaver, Hills. 35; Rep. Murray, Rock. 24; Rep. Edgar, Rock. 21; Rep. Messmer, Rock. 24; Rep. J. Schmidt, Hills. 28
COMMITTEE: Labor, Industrial and Rehabilitative Services
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ANALYSIS
This bill establishes a salary ratio for employers and employees in companies incorporated or doing business in New Hampshire.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
18-2518
04/03
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT relative to salary ratios for employers and employees.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Section; Protective Legislation; Salary Ratio. Amend RSA 275 by inserting after section 43-c the following new section:
275:43-d Salary Ratio. No employer incorporated in this state shall pay its highest paid salaried employee more than 43 times the amount paid to its lowest paid salaried employee. No employer incorporated in another state but doing business in this state shall pay its highest paid salaried employee in this state more than 34 times the amount paid to its lowest paid salaried employee in this state. There shall be no maximum salary limit provided the ratio between lowest and highest paid employees is maintained.
2 Effective Date. This act shall take effect 60 days after its passage.
