HB 1399-FN - AS INTRODUCED
2000 SESSION
HOUSE BILL 1399-FN
AN ACT relative to the amount payable by the retirement system on account of qualified group II retirees of a political subdivision employer.
SPONSORS: Rep. Dyer, Hills 8; Sen. J. King, Dist 18
COMMITTEE: Executive Departments and Administration
This bill requires the retirement system to pay to a political subdivision employer the medical benefit amount payable on account of qualified group II retired persons.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2600
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to the amount payable by the retirement system on account of qualified group II retirees of a political subdivision employer.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Retirement Payment of Medical Benefits; Group II; Political Subdivisions; Employer Certification. Amend RSA 100-A:52, IV to read as follows:
IV. In the case of group II members retired from employment by political subdivisions of the state, the amount payable by the retirement system on account of qualified persons shall be paid over to the employer and used to pay for all or part of the medical benefits provided by the former employer for qualified persons. If the cost of the premium for any retired group II member or surviving spouse shall exceed the maximum under paragraph II, and the employer does not elect to pay the excess cost, the excess cost shall be paid by the retiree or qualified surviving spouse and may be deducted from retirement benefits as provided in RSA 100-A:51. The employer may require, as a condition for coverage, that the retiree or surviving spouse apply for deduction of such excess cost from retirement benefits as provided in RSA 100-A:51.
2 Effective Date. This act shall take effect July 1, 2000.
LBAO
00-2600
12/14/99
HB 1399-FN-LOCAL - FISCAL NOTE
AN ACT relative to the amount payable by the retirement system on account of qualified group II retirees of a political subdivision employer.
FISCAL IMPACT:
The New Hampshire Retirement System has stated this bill will have no fiscal impact on state, county and local revenue or expenditures.
METHODOLOGY:
The System has indicated this bill will require the System to pay a political subdivision employer the medical benefit amount payable on account of qualified Group II retired persons. This amount will be used to pay for all or part of the medical benefits provided by the former employer. There will be no fiscal impact on state, county or local revenue and expenditures since there will be no change in the amount of medical benefits.
An Actuary's letter is on file in the bill jacket in the House Clerk's Office.