For Immediate Release: January 3, 2018
Contact: [email protected]
UPDATE (1/8/18): Senate ED&A Committee public hearing on HB 561 (amendment 2018-0027s) scheduled for Wednesday, January 10, at 10:45 a.m. in Legislative Office Building Room 101. Bill Docket
CONCORD, NH – House Bill 561, which affects NHRS retirees working after retirement for participating employers, has been re-referred to the Senate Executive Departments and Administration (ED&A) Committee for the purpose of holding a public hearing on the amended version of the bill.
In early December, the Senate ED&A Committee adopted an amendment that would replace the current weekly limit of 32 hours for NHRS retirees working for participating employers with an annual limit of 1,040 hours per calendar year. Under the amendment, retirees would also have to wait 60 days from their effective date of retirement before they could work in a part-time capacity for a participating employer, and retirees who exceed 1,040 hours in any calendar year would forfeit the employer-funded portion of their pension for 12 months. The amendment has an effective date of January 1, 2019.
The bill was re-referred to committee by the full Senate on a voice vote on Wednesday, January 3, 2018.
No date was immediately scheduled for the public hearing. When a date is set, it will be listed on the NH General Court website at http://www.gencourt.state.nh.us/. Under the “State Legislation Dash Board” section of this page, type HB561 (no spaces) into the “Find a 2018 Bill” box and click on “Find Now.”
NHRS provides retirement, disability, and death benefits to its eligible members and their beneficiaries. The State of New Hampshire and nearly 470 local government employers participate in NHRS for their employees, teachers, firefighters, and police officers. NHRS has approximately 48,000 active members and 35,000 pension recipients. NHRS administers a defined benefit plan qualified as a tax-exempt entity under sections 401(a) and 501(a) of the Internal Revenue Code.
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