This bill aims to clarify and standardize the application of post-retirement part-time hour limits for retirees within the New Hampshire retirement system. It introduces a new paragraph, XXXIV-a, which allows retirees who were employed in positions qualifying for a higher grandfathered hourly limit of 1,664 hours per year as of January 1, 2019, to retain this limit even if they change positions or employers. The conditions for maintaining this limit include continuous part-time employment without a break longer than 28 days and the new position not requiring mandatory membership in the retirement system.

The bill does not provide funding or authorize new positions, and its fiscal impact is considered indeterminable due to uncertainty about how many retirees might utilize this provision. The New Hampshire Retirement System indicates that the change would enhance flexibility for "grandfathered" retirees, allowing them to transition between part-time roles without losing their higher hour limit. The act is set to take effect 60 days after its passage.

Statutes affected:
Introduced: 100-A:1
HB1459 text: 100-A:1