HB 323-FN-LOCAL - AS INTRODUCED
2001 SESSION
10/09
HOUSE BILL 323-FN-LOCAL
AN ACT relative to eligibility for payment of medical insurance premiums for retired group I teachers.
COMMITTEE: Executive Departments and Administration
This bill reduces from 20 to 10 the years of creditable service required for group I teachers to be eligible for the payment by the state of the premiums for medical insurance for retirees.
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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
01-0531
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand One
AN ACT relative to eligibility for payment of medical insurance premiums for retired group I teachers.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 Retirement System; Medical Insurance; Payment by the State. RSA 100-A:52-a, I(a) - (c) are repealed and reenacted to read as follows:
(a)(1) Any person, who has at least 20 years of creditable service as a group I member if age 60 or older, or at least 30 years of creditable service as a group I member if age 55-59, retired on or before July 1, 2004 as a political subdivision employee member of the New Hampshire retirement system on service or ordinary disability retirement, provided that such person shall be entitled to retirement on the basis of group I creditable service, or any person retired on or before July 1, 2004, as a group I member whose service retirement benefit is based upon the provisions of RSA 100-A:19-c and who has a minimum of 20 years of creditable service as a group I member.
(2) Any person, who has at least 10 years of creditable service as a group I member if age 60 or older, or at least 20 years of creditable service as a group I member if age 55-59, retired on or before July 1, 2004 as a group I teacher member of the New Hampshire retirement system on service or ordinary disability retirement, provided that such person shall be entitled to retirement on the basis of group I creditable service, or any person retired on or before July 1, 2004, as a group I member whose service retirement benefit is based upon the provisions of RSA 100-A:19-c and who has a minimum of 10 years of creditable service as a group I member.
(b)(1) Any person who has completed no less than 20 years of group I creditable service, but who for reasons other than retirement or death ceased to be a group I political subdivision employee member prior to attaining the age of 60, and who, as of July 1, 2004, receives a vested deferred retirement allowance and who subsequently attains the age of 60.
(2) Any person who has completed no less than 10 years of group I creditable service, but who for reasons other than retirement or death ceased to be a group I teacher member prior to attaining the age of 60, and who, as of July 1, 2004, receives a vested deferred retirement allowance and who subsequently attains the age of 60.
(c)(1) Any person who has completed no less than 20 years of group I creditable service and who retired as a group I political subdivision employee member prior to age 60, and who subsequently attains the age of 60, or any person who has completed no less than 30 years of group I creditable service and who retired as a group I political subdivision employee member prior to age 55, and who subsequently attains the age of 55.
(2) Any person who has completed no less than 10 years of group I creditable service and who retired as a group I teacher member prior to age 60, and who subsequently attains the age of 60, or any person who has completed no less than 20 years of group I creditable service and who retired as a group I teacher member prior to age 55, and who subsequently attains the age of 55.
2 Funding. The sum of $1 is hereby transferred from the group I teacher special account balance existing on June 30, 2001, for the purpose of funding RSA 100-A:52-a as amended by this act.
3 Effective Date. This act shall take effect July 1, 2001.
LBAO
01-0531
1/23/01
HB 323-FN-LOCAL - FISCAL NOTE
AN ACT relative to eligibility for payment of medical insurance premiums for retired group I teachers.
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.