Bill Text: NH SB458 | 2018 | Regular Session | Enrolled
Bill Title: Authorizing the purchase of retirement system creditable service by a certain surviving spouse.
Spectrum: Partisan Bill (Republican 7-0)
Status: (Passed) 2018-06-26 - Signed by the Governor on 06/21/2018; Chapter 0286; Effective 06/21/2018 Senate Calendar 27 [SB458 Detail]
Download: New_Hampshire-2018-SB458-Enrolled.html
SB 458 - VERSION ADOPTED BY BOTH BODIES
2018 SESSION
18-2712
10/05
SENATE BILL 458
AN ACT authorizing the purchase of retirement system creditable service by a certain surviving spouse.
SPONSORS: Sen. Birdsell, Dist 19; Sen. Morse, Dist 22; Sen. Carson, Dist 14; Rep. Guthrie, Rock. 13; Rep. Weyler, Rock. 13; Rep. Welch, Rock. 13; Rep. Green, Rock. 13
COMMITTEE: Executive Departments and Administration
-----------------------------------------------------------------
ANALYSIS
This bill provides for the election by a certain surviving spouse of a group II member to purchase up to one month of creditable service.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
18-2712
10/05
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Eighteen
AN ACT authorizing the purchase of retirement system creditable service by a certain surviving spouse.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Hampshire Retirement System; Purchase of Creditable Service; Death Benefit for Matthew L. Moore.
I. In recognition of the prior military service and nearly 10 years of service as a group II member of the New Hampshire retirement system, the surviving spouse of Officer Matthew L. Moore, a police officer for the town of Hampstead who died January 23, 2016, may purchase up to one month of service as creditable service on behalf of Matthew L. Moore in order to receive the death benefit provided by RSA 100-A:9, II, notwithstanding any provisions of RSA 100-A to the contrary.
II. The surviving spouse of Officer Moore, if she elects the provisions of this act, shall make all payments of the full actuarial cost to the system on behalf of Matthew L. Moore for such creditable service. The full actuarial cost of the service credit purchase shall be determined by the actuary based on methods and assumptions recommended by the actuary and approved by the board of trustees.
2 Effective Date. This act shall take effect upon its passage.
