25apr02...3652eba

2002 SESSION

01-2034

10/09

HOUSE BILL 1352-FN-LOCAL

COMMITTEE: Municipal and County Government

ANALYSIS

This bill allows municipalities to adopt under the length of service awards program a hazardous duty group for the purpose of establishing a safe harbor retirement plan for certain members.

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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

25apr02...3652eba

01-2034

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Two

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

132:1 New Paragraph; Length of Service Awards Program; Definitions; Hazardous Duty Group. Amend RSA 100-B:2 by inserting after paragraph VII the following new paragraph:

VII-a. "Hazardous duty group" means a local government retirement plan for firefighters, including call and volunteer, and emergency medical services personnel qualifying under Internal Revenue Service safe harbor rules for exclusion from coverage under Social Security and Medicare.

132:2 New Section; Hazardous Duty Group Established. Amend RSA 100-B by inserting after section 4 the following new section:

100-B:4-a Hazardous Duty Group.

I. A sponsor may establish a hazardous duty group as an addition to the service awards program in this chapter according to the procedure for adoption provided in RSA 100-B:3. Upon adoption of a hazardous duty group by a sponsor, the sponsor shall allocate 7.5 percent of base pay compensation of a participant for services performed for contribution to the trust fund under RSA 100-B:8.

II. The committee shall establish in rules adopted pursuant to RSA 541-A the following:

(a) The procedures and requirements for participation in the deferred compensation plan by members of a hazardous duty group.

(b) The definition and determination of compensation or base pay of a hazardous duty group participant.

(c) The administration and qualification of the provision of this section as a safe harbor retirement benefit plan in compliance with Internal Revenue Code requirements, and applicable Internal Revenue Service rules and orders

132:3 Effective Date. This act shall take effect 60 days after its passage.

(Approved: May 9, 2002)

(Effective Date: July 8, 2002)