Bill Text: NH HB461 | 2011 | Regular Session | Introduced

NOTE: There are more recent revisions of this legislation. Read Latest Draft

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Bill Title: Relative to repealing the authority for retirement system members to purchase service credit for certain out-of-state service.

Sponsorship: Moderate Partisan Bill (Republican 5-1)

Status: (Passed) 2011-06-09 - House Law Without Signature 06/09/2011; Effective 08/08/2011; Chapter 0158; NH Constitution, Art.44, Pt.II [HB461 Detail]

Download: New_Hampshire-2011-HB461-Introduced.html

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HB 461-FN – AS INTRODUCED

2011 SESSION

11-0364

10/09

HOUSE BILL 461-FN

AN ACT relative to repealing the authority for retirement system members to purchase service credit for certain out-of-state service.

SPONSORS: Rep. Hawkins, Hills 18; Rep. Reagan, Rock 1; Rep. Harding, Graf 11; Rep. Kurk, Hills 7; Sen. Boutin, Dist 16; Sen. White, Dist 9

COMMITTEE: Special Committee on Public Employee Pensions Reform

ANALYSIS

This bill repeals provisions which allow group I and group II members of the New Hampshire retirement system to purchase credit for out-of-state service.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

11-0364

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Eleven

AN ACT relative to repealing the authority for retirement system members to purchase service credit for certain out-of-state service.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Repeal. The following are repealed:

I. RSA 100-A:4-b, relative to group I employees and teachers purchase of credit for out-of-state service.

II. RSA 100-A:4-c, relative to group II members purchase of credit for out-of state service.

2 Effective Date. This act shall take effect 60 days after its passage.

LBAO

11-0364

01/19/11

HB 461-FN - FISCAL NOTE

AN ACT relative to repealing the authority for retirement system members to purchase service credit for certain out-of-state service.

FISCAL IMPACT:

The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from the New Hampshire Retirement System. When completed, the fiscal note will be forwarded to the House Clerk's Office.