HB 1447 (2020)
Summary:
Reduces the penalty for retired members of the New Hampshire Retirement System working part-time for other retirement system employers who exceed the maximum permitted hours allowed. At the time of this bill's submission, the penalty is forfeiture of the state annuity portion of the individual's retirement allowance and any allocable cost of living adjustments. The bill proposes to change this to a deduction of 23% of compensation paid by the employer(s).
Bill Became Law?:
No
Status Detail:
Killed in the House
