United States — New Hampshire
RSA 103:10. Normal Contribution Rate.
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This section sets how the normal contribution rate and accrued liability contribution are determined for the system.
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12,207 statutes · page 3 of 611
United States — New Hampshire
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This section sets how the normal contribution rate and accrued liability contribution are determined for the system.
United States — New Hampshire
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The board must remit collected money to the state treasurer, and the treasurer must manage the retirement fund, make required payments, and file an annual sworn statement.
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Permanent policemen may retire after 25 continuous years of service or at age 65, and may be entitled to chapter benefits if dismissed under those same conditions.
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If a policeman’s service is interrupted because of war-related military or federal law enforcement service, the board must treat all service before, during, and after the break as continuous service.
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Some municipal police retirees and certain survivor-annuity beneficiaries were to receive a 18% increase in retirement allowance for January through December 1974.
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Certain municipal police retirees and qualifying survivor-annuity beneficiaries must receive a 1974 allowance increase, with the increase paid monthly and limited to 1974.
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Certain state police retirement beneficiaries receive a 5% allowance increase for 1974, and some survivor-annuity beneficiaries receive a proportional increase.
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A qualifying permanent policeman is entitled to retirement benefits from the retirement fund, calculated from salary and adjusted by board rules, with a minimum payment and monthly installments.
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A permanent policeman on temporary assignment may be entitled to the same compensation and benefits as if working for his own department, and the receiving agency must transmit retirement contributions if the assignment lasts more than 10 working days.
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This section gives disability, death, and survivor benefits to permanent policemen who accept it, and lets the board retire them and set/verify the payments.
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Permanent policemen who resign or are dismissed before retirement eligibility, and certain beneficiaries if they die before retirement eligibility, can get back their own retirement-fund payments, but without interest and minus a board-set charge.
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The estate or designated beneficiary of a retired permanent policeman may receive a retirement-fund payment and a $3,600 lump sum, subject to a population-based cap for certain former policemen.
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Eligible retirement-system members may ask to have monthly insurance or hospitalization premiums deducted from their retirement benefits, and requested deductions must be made from amounts due.
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Benefits or compensation due under this provision can be attached, assigned, or executed against like rights under private retirement systems, and the board’s approval is not required for those assignments.
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Certain payments, benefits, and compensation are exempt from taxation, attachment, and insolvency or bankruptcy laws; assignments of benefits or compensation are valid only if approved by the board.
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A qualifying permanent policeman may choose to transfer retirement membership from the state employees' retirement system to the policemen's retirement system.
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This section defines “permanent policeman.”
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When a permanent policeman transfers from the state employees' retirement system to the policemen's retirement system, the accrued benefit reserve funded by the employer must also be transferred.
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A transferred permanent policeman is eligible for the benefits provided under this chapter.
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The board of trustees administers the retirement system under this chapter.