SB 401 – AS INTRODUCED
2010 SESSION
10/09
SENATE BILL 401
AN ACT relative to the safety of retirement accounts.
SPONSORS: Sen. Bragdon, Dist 11; Rep. Daniels, Hills 6
COMMITTEE: Commerce, Labor and Consumer Protection
This bill declares that employers offering certain retirement programs shall offer at least one option for investing such funds which is a money market fund or other similar fund.
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Explanation: Matter added to current law appears in bold italics.
Matter removed from current law appears [in brackets and struckthrough.]
Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.
10-2889
10/09
STATE OF NEW HAMPSHIRE
In the Year of Our Lord Two Thousand Ten
AN ACT relative to the safety of retirement accounts.
Be it Enacted by the Senate and House of Representatives in General Court convened:
1 New Subdivision; Cash Option for Retirement Accounts. Amend RSA 275 by inserting after section 69 the following new subdivision:
Cash Option for Retirement Accounts
275:70 Cash Option for Retirement Accounts. Any employer offering a retirement plan or account established under the Employee Retirement Income Security Act of 1974 and as such act may be further amended, shall provide at least one option for the investment of such funds in a money market fund or other similar fund.
2 Effective Date. This act shall take effect upon its passage.