This bill amends the New Hampshire Retirement System regulations to clarify the definition of "part-time" employment for retired members, specifically regarding extra or special duty pay. The new language specifies that part-time employment for retired members shall not exceed 1,352 hours in a calendar year, with the exception of certain court security positions. Importantly, the bill inserts provisions stating that "extra or special duty pay shall not be included when calculating the maximum allowable hours in a calendar year for a retired member." This means that any extra duty hours worked will not count against the annual hour limit for retirees.

Additionally, the bill modifies the consequences for retired members who exceed the maximum permitted hours by stating that they will forfeit the state annuity portion of their retirement allowance for a period of 12 months. The new language reinforces that extra or special duty pay will not be considered in this calculation. The bill is set to take effect 60 days after its passage and is expected to have an indeterminable fiscal impact on state and local expenditures, as it is unclear how many employers will adopt this provision and how it will affect the overall retirement system.

Statutes affected:
Introduced: 100-A:1, 100-A:7