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 legal language specifies 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 change applies to retired members working for participating employers, limiting their total hours to 1,352 annually, with the exception of certain court security positions. Additionally, the bill states that retired members cannot be employed part-time for 28 days following their retirement date.

Furthermore, 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 12 months. The inclusion of the new provisions regarding extra or special duty pay aims to provide clarity and flexibility for retired members seeking part-time employment without impacting their retirement benefits. The bill is set to take effect 60 days after passage and is expected to have an indeterminable fiscal impact on the New Hampshire Retirement System, as it is unclear how many employers will adopt these provisions.

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