Bill Text: NH SB368 | 2024 | Regular Session | Introduced
Bill Title: Relative to service retirement allowances for teachers and other group I retirement system members.
Spectrum: Strong Partisan Bill (Democrat 11-1)
Status: (Introduced) 2024-03-21 - Refer to Interim Study, Motion Adopted, Voice Vote; 03/21/2024; Senate Journal 7 [SB368 Detail]
Download: New_Hampshire-2024-SB368-Introduced.html
SB 368-FN - AS INTRODUCED
2024 SESSION
24-2955
05/10
SENATE BILL 368-FN
AN ACT relative to service retirement allowances for teachers and other group I retirement system members.
SPONSORS: Sen. Fenton, Dist 10; Sen. Innis, Dist 7; Sen. Whitley, Dist 15; Sen. D'Allesandro, Dist 20; Sen. Prentiss, Dist 5; Sen. Rosenwald, Dist 13; Sen. Soucy, Dist 18; Sen. Perkins Kwoka, Dist 21; Sen. Watters, Dist 4; Sen. Altschiller, Dist 24; Sen. Chandley, Dist 11; Rep. Myler, Merr. 9
COMMITTEE: Executive Departments and Administration
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ANALYSIS
This bill revises the application of the reduction in a service retirement allowance for teachers and other group I member employees at full retirement age.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
24-2955
05/10
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Four
AN ACT relative to service retirement allowances for teachers and other group I retirement system members.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Service Retirement Allowances for Teachers and Other Group I Member Employees; Application of Benefit. RSA 100-A:5, I(b); 100-A:6, I(b)(1)(A) and (B); and 100-A:6, I(d)(1)(A) and (B), as amended by 2023, 79:459, relative to the reduction of a retiree's annuity at the member's full retirement age under the federal Social Security system, shall apply to any retired employee member or retired teacher member of group I who retired prior to July 1, 2023, and who has not attained age 65 prior to July 1, 2024.
2 Effective Date. This act shall take effect July 1, 2024.
24-2955
12/4/23
SB 368-FN- FISCAL NOTE
AS INTRODUCED
AN ACT relative to service retirement allowances for teachers and other group I retirement system members.
FISCAL IMPACT:
Due to time constraints, the Office of Legislative Budget Assistant is unable to provide a fiscal note for this bill, as introduced, at this time. When completed, the fiscal note will be forwarded to the Senate Clerk's Office.
AGENCIES CONTACTED:
New Hampshire Retirement System
