HB 0267

HB 267 - AS INTRODUCED

AN ACT relative to increasing the membership on the retirement system board of trustees.

SPONSORS: Rep. Sova, Graf 11; Rep. Scovner, Graf 13; Rep. Leber, Merr 1

This bill adds retired members of the retirement system to the board of trustees.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

AN ACT relative to increasing the membership on the retirement system board of trustees.

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

1 Retirement System; Board of Trustees; Retired Members Added. Amend RSA 100-A:14, I to read as follows:

I. The administration of this system is vested in a board of [13] 15 trustees. The state treasurer shall be an ex officio voting member of the board. The governor and council shall appoint 2 trustees, to be known as non-member trustees, who shall be qualified persons with business experience and not be members of the system, and who shall serve for a term of 2 years and until their successors are appointed and qualified, except that the original appointment of one of the non-member trustees shall be for a term of one year. The remaining [10] 12 members of the board shall consist of 2 employees, 2 teachers, 2 permanent policemen, 2 permanent firemen, one retired group I member, one retired group II member, one member of the senate who serves on the insurance committee and who shall be appointed annually by the senate president, and one member of the house of representatives who serves on the executive departments and administration committee and who shall be appointed annually by the speaker of the house. Whenever a vacancy occurs, the senate president or the speaker of the house shall fill the vacancy in the same manner by appointing a senate or a house member who shall serve for the unexpired term. The New Hampshire state employees' association, the New Hampshire education association, the New Hampshire police association, and the New Hampshire state permanent firemen's association shall each annually nominate from their members a panel of [5] 7 persons, [~~all~~] 5 of whom shall be active members of the retirement system[~~, or one of the 4 predecessor systems~~] and 2 of whom shall be retired members, no later than May 31 of each year, and the panels so named shall be filed with the secretary of state no later than June 10 of each year. From each of the above named panels the governor and council shall originally appoint 2 persons, and thereafter one annually to the board. Members appointed to the board in the manner aforesaid shall serve for a term of 2 years, except that the original appointments of one of the persons from each panel shall be for a term of one year. Each member so appointed shall hold office until his successor shall be appointed and qualified. Whenever a vacancy occurs, the governor and council shall fill the vacancy by appointing a member who shall serve for the unexpired term from the same panel from which the former member was appointed. The governor shall designate one of the non-member trustees to serve as chairman of said board of trustees. The chairman, the senate member, the house member, and the [4] 5 group I members shall constitute one subcommittee and the chairman, the senate member, the house member, and the [4] 5 group II members shall constitute another subcommittee. Each subcommittee shall, relative to the members of their respective group, consider policy problems and make recommendations relative to the same to the board of trustees and make recommendations to the board of trustees concerning applications under the provisions of RSA 100-A:6. For the purposes of transacting any business, 4 members of a subcommittee shall constitute a quorum.