HB 1561-FN - AS INTRODUCED
2000 SESSION
10/09
HOUSE BILL 1561-FN
AN ACT relative to benefits payable upon a group II retirement system member's death after retirement.
COMMITTEE: Executive Departments and Administration
This bill provides for a single benefit amount to be payable to a designated person or the estate upon a group II member's death after retirement.
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
00-2426
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand
AN ACT relative to benefits payable upon a group II retirement system member's death after retirement.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Retired Group II Members; Benefit Upon Death After Retirement. RSA 100-A:12 is repealed and reenacted to read as follows:
100-A:12 Benefits Upon Member's Death After Retirement -Group II Members. Upon the death of a group II member who has filed an application for retirement benefits with the board of trustees or whose allowance payments have commenced, there shall be paid to the person nominated by the member by written designation filed with the board, if living, otherwise to the retired member's estate, in addition to the amount payable under RSA 100-A:11 a lump sum of $10,000; provided, however, that if said retired member was, prior to the member's death, in receipt of an accidental disability retirement allowance there shall be paid to the person's spouse, if surviving, in lieu of such lump sum payment, an allowance to continue until the spouse's death or remarriage equal to 50 percent of the accidental disability retirement allowance payable to the retired member prior to the member's death. The total cost of the benefits under this section shall be funded by reimbursement from the special account established under RSA 100-A:16, II(h).
2 Effective Date. This act shall take effect July 1, 2000.
LBAO
00-2426
12/17/99
HB 1561-FN - FISCAL NOTE
AN ACT relative to benefits payable upon a group II retirement system member's death after retirement.
FISCAL IMPACT:
The Office of Legislative Budget Assistant is unable to complete a fiscal note for this bill as it is awaiting information from an agency.