0246-sb 0458

CHAPTER 246

SB 458 -FN - FINAL VERSION

AN ACT increasing the salary of the executive secretary of the retirement system and changing the title to executive director.

SPONSORS: Sen. J. King, Dist 18; Rep. Dyer, Hills 8

This bill changes the name of the executive secretary of the New Hampshire retirement system to the executive director and increases the salary grade for the office.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

AN ACT increasing the salary of the executive secretary of the retirement system and changing the title to executive director.

Be it Enacted by the Senate and House of Representatives in General Court convened:

246:1 Executive Director of Retirement System; Salary Group Changed. Amend RSA 94:1-a, I by:

246:2 Retirement System; Administration; Change to Executive Director. Amend RSA 100-A:14, XII to read as follows:

XII. The executive [~~secretary~~] director appointed pursuant to RSA 100-A:44 shall notify the selectmen of all towns, all city councils, and the superintendent or chief fiscal officer of all school districts within 10 days of the introduction and within 30 days of the enactment of any legislative measure relative to the retirement systems which would affect the retirement system costs to cities, towns and school districts. For the purposes of this paragraph, "legislative measure" shall mean any bill or joint resolution introduced in either the senate or the house of representatives but shall not include amendments to bills or joint resolutions.

246:3 Retirement System; Call, Substitute, or Volunteer Firemen; Change to Executive Director. Amend RSA 100-A:19, I to read as follows:

I. Call, substitute, or volunteer firemen to be eligible for the benefits hereinafter set forth must be accepted by their respective city, town, precinct or organized volunteer company. All call, substitute, or volunteer firemen who desire the benefits of this section shall make application to the board of trustees and pay the sum of $6 per year, said amount to be paid in one sum, and shall give notice of their application for the benefits hereof to the treasurer or other disbursing officer of the city, town or precinct which employs them. The chief, clerk or other responsible officer of a fire company whose members have applied for the benefits of this section shall forward to the [~~secretary~~] executive director of the board, on a form approved by the board, the number and the names of such members as of July 1 of every year and shall also notify the board of any dismissals, resignations or deaths during the year of any of its members who were eligible for the benefits hereof. New members of such fire companies applying for the benefits of this section during the fiscal year, who are not replacing former members of their company who had applied for benefits hereunder shall be assessed the full amounts as set forth above, if their applications are received on or before December 31 of any year, but their eligibility for the benefits hereunder shall extend only to June 30 of the following year or to the beginning of the new fiscal year. All new members of such fire companies, who are not replacing former members during the fiscal year and whose applications are received on or after January 1 of any year shall be assessed 1/2 the amount set forth above and shall be eligible for the benefits hereof only to June 30 of the same year or to the beginning of the new fiscal year. Members of such fire companies who, during the fiscal year, are replacing members who had applied for the benefits of this section but who are no longer members of the fire company, shall not be assessed, but shall be entitled to the benefits hereof to June 30 of the same fiscal year for which the member whom they are replacing was eligible. All assessments from call, substitute, or volunteer firemen, for any fiscal year beginning July 1 to June 30 of the following year, shall be paid on or before June 30 of that fiscal year in which application or renewal of application is received by the board; with the exception that, in case of total and permanent disability or accidental death of any member of a fire company who has made application for the benefits of this section, benefits accruing to such member or to [~~his~~] the member's beneficiary shall not be paid until [~~his~~] assessment for that fiscal year has first been received by the board.

246:4 Change to Executive Director. Amend the subdivision heading preceding RSA 100-A:44 and RSA 100-A:44 - RSA 100-A:47 to read as follows:

100-A:44 Appointment; Removal. The board of trustees of the retirement system shall appoint an executive [~~secretary~~] director who shall hold office during good behavior. The board may remove the executive [~~secretary~~] director for cause.

100-A:45 Oath; Bond. Before entering upon the duties of the office, the executive [~~secretary~~] director shall be sworn, and shall give bond to the state in the sum of $20,000, with sufficient sureties to be approved by the board, conditioned for the faithful discharge of the duties of the office. The bond shall be filed and preserved in the office of the secretary of state.

100-A:46 Duties. The executive [~~secretary~~] director shall be in charge of the office of the board of trustees of the retirement system under the direction of the board. [He] The executive director shall perform such other duties as may be assigned [~~to him~~] by the board.

100-A:47 Salary. The annual salary of the executive [~~secretary~~] director shall be that prescribed by RSA 94:1-4.

100-A:47-a Appointment; Duties; and Compensation. The executive [~~secretary~~] director of the retirement system shall nominate a director of finance for appointment by the board of trustees. The director of finance shall assist the board of trustees in the management of retirement system funds. [He] The director of finance shall report directly to the board of trustees or to a person or persons designated by the board and shall serve at their pleasure. [He] The director of finance shall be qualified to hold the position by reason of education and experience. The annual salary for the director of finance shall be that prescribed by RSA 94:1-a, I, Group M.

AN ACT increasing the salary of the executive secretary of the retirement system and changing the title to executive director.

The Department of Administrative Services has determined that this bill will increase state restricted expenditures by $25,265 in FY 2001 and $25,468 in FY 2002 and each year thereafter. There will be no fiscal impact on county and local expenditures or on state, county and local revenue.

The Department stated that this bill would increase the salary of the executive director of the New Hampshire Retirement System from a maximum of $62,171 in salary group N to a maximum of $81,046 in salary group S. The Department has stated that the increase in salary and associated benefits would total $25,265 in FY 2001 and $25,468 in FY 2002 and each year thereafter. The increase in expenditures assume the following:

· Executive Director compensated at the maximum of the salary group;

· Benefits calculated at 31% of payroll;

· Increase in salary beginning on June 16, 2000, in order to result in an increase in the first paycheck dated July 2000; and

· Increase in the salary structure effective October 1, 1999 pursuant to Chapter 225:32, Laws of 1999 (Group N Maximum = $64,036 / Group S Maximum = $83,477).