HB 1306-FN-LOCAL – AS AMENDED BY THE HOUSE

7Mar2012… 0986h

2012 SESSION

12-2603

10/09

HOUSE BILL 1306-FN-LOCAL

AN ACT requiring a report on part-time employment of retired members of the retirement system.

SPONSORS: Rep. Hawkins, Hills 18

COMMITTEE: Special Committee on Public Employee Pensions Reform

AMENDED ANALYSIS

The bill requires retirement system employers to provide information on the wages of part-time employees who are retired members of the retirement system and for the department of revenue administration to report to the house special committee on public employee pensions reform.

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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Matter which is either (a) all new or (b) repealed and reenacted appears in regular type.

7Mar2012… 0986h

12-2603

10/09

STATE OF NEW HAMPSHIRE

In the Year of Our Lord Two Thousand Twelve

AN ACT requiring a report on part-time employment of retired members of the retirement system.

Be it Enacted by the Senate and House of Representatives in General Court convened:

1 Retirement System Employers; Report on Part-time Wages of Retirees; Revenue Administration Report.

I. Each employer in the retirement system, as defined in RSA 100-A:1, IV, shall compile from its employee’s W-2 information the total dollars paid for each part-time employee who is a retired member of the New Hampshire retirement system, and shall submit to the department of revenue administration on or before September 1, 2012 the names of such part-time employees, the amount paid in wages to the employee in the previous state fiscal year, and the retirement system group and classification from which the employee is retired.

II. The department of revenue administration shall provide a report to the chairperson of the house special committee on public employee pensions reform on or before November 1, 2012 compiling and detailing the information received under paragraph I.

2 Effective Date. This act shall take effect upon its passage.

LBAO

12-2603

Revised 11/04/11

HB 1306-FN-LOCAL - FISCAL NOTE

AN ACT requiring a report on part-time employment of retired members of the retirement system.

FISCAL IMPACT:

METHODOLOGY: