New Hampshire Revised Statutes 100-A:19-c – Service Retirement
Current as of: 2023 | Check for updates
|
Other versions
Notwithstanding the retirement age requirements set forth in N.H. Rev. Stat. § 100-A:5, any member of the retirement system who has creditable service in both group I and group II, and who has attained the minimum age set forth in N.H. Rev. Stat. § 100-A:19-b, may retire on a service retirement allowance upon application as provided in N.H. Rev. Stat. § 100-A:5, I(a) or II(a). The split-benefit retirement allowance shall be determined as the sum of the retirement allowances with respect to service in each group classification computed as follows:
I. The average final compensation shall be as defined in N.H. Rev. Stat. § 100-A:1, XVIII, computed on the basis of the entire period of service in both classifications.
II. The group I portion of the retirement allowance shall be as provided in N.H. Rev. Stat. § 100-A:5, I(b), based on the number of years of creditable service in group I.
III. The group II portion of the retirement allowance shall be as provided in N.H. Rev. Stat. § 100-A:5, II(b), based on the number of years of creditable service in group II.
I. The average final compensation shall be as defined in N.H. Rev. Stat. § 100-A:1, XVIII, computed on the basis of the entire period of service in both classifications.
Terms Used In New Hampshire Revised Statutes 100-A:19-c
- Average final compensation: shall mean :
(a) For members who have attained vested status prior to January 1, 2012, the average annual earnable compensation of a member during his or her highest 3 years of creditable service, or during all of the years in his or her creditable service if less than 3 years. See New Hampshire Revised Statutes 100-A:1 - Creditable service: shall mean prior service plus membership service, as provided in N. See New Hampshire Revised Statutes 100-A:1
- Member: shall mean any person included in the membership of the retirement system, as provided in N. See New Hampshire Revised Statutes 100-A:1
- Retirement: shall mean withdrawal from active service with a retirement allowance granted under the provisions hereof. See New Hampshire Revised Statutes 100-A:1
- Retirement allowance: shall mean the sum of the member annuity and the state annuity. See New Hampshire Revised Statutes 100-A:1
- Retirement system: shall mean the New Hampshire Retirement System as defined in N. See New Hampshire Revised Statutes 100-A:1
- Service: shall mean service as an employee, a teacher, a permanent policeman or a permanent fireman which is paid for by an employer. See New Hampshire Revised Statutes 100-A:1
II. The group I portion of the retirement allowance shall be as provided in N.H. Rev. Stat. § 100-A:5, I(b), based on the number of years of creditable service in group I.
III. The group II portion of the retirement allowance shall be as provided in N.H. Rev. Stat. § 100-A:5, II(b), based on the number of years of creditable service in group II.