HB 534-FN - AS INTRODUCED
2025 SESSION
25-0872
05/11
HOUSE BILL 534-FN
AN ACT relative to the calculation of average final compensation under the retirement system.
SPONSORS: Rep. M. Pearson, Rock. 34; Rep. Bordes, Belk. 5; Rep. Proulx, Hills. 15; Rep. Soucy, Merr. 21; Rep. Gregg, Hills. 7; Rep. MacKenzie, Hills. 40; Rep. Coker, Belk. 2; Sen. Gannon, Dist 23
COMMITTEE: Executive Departments and Administration
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ANALYSIS
This bill excludes supplemental pay paid by the employer while the member is receiving workers' compensation from the calculation of the average percentage of compensation paid in excess of the full base rate of compensation.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
25-0872
05/11
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Twenty Five
AN ACT relative to the calculation of average final compensation under the retirement system.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subparagraph; New Hampshire Retirement System; Calculation of Average Final Compensation. Amend RSA 100-A:1, VIII by inserting after subparagraph (c) the following new subparagraph:
(d) Notwithstanding the foregoing, any periods in which the member receives supplemental pay paid by the employer while the member is receiving workers' compensation shall be excluded from the calculation of the average percentage of compensation paid in excess of the full base rate of compensation.
2 Effective Date. This act shall take effect 60 days after its passage.
25-0872
1/7/25
HB 534-FN- FISCAL NOTE
AS INTRODUCED
AN ACT relative to the calculation of average final compensation under the retirement system.
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from New Hampshire Retirement System. The Department was contacted on 12/17/24 for a fiscal note worksheet. When completed, the fiscal note will be forwarded to the House Clerk's Office.
AGENCIES CONTACTED:
New Hampshire Retirement System