New Hampshire Revised Statutes 100-A:36-g – Merger of New Hampshire Policemen’s Retirement System
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Terms Used In New Hampshire Revised Statutes 100-A:36-g
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- 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 system: shall mean the New Hampshire Retirement System as defined in N. See New Hampshire Revised Statutes 100-A:1
Effective July 1, 1989, the New Hampshire policemen’s retirement system, as provided by RSA 103, shall be merged into and become a part of the New Hampshire retirement system. All retired members and beneficiaries who are receiving or are eligible to receive benefits under N.H. Rev. Stat. Chapter 103 shall receive the same benefits from the New Hampshire retirement system, but in accordance with the payment provisions and restrictions of the New Hampshire policemen’s retirement system. All assets and liabilities under the New Hampshire policemen’s retirement system are hereby transferred to the New Hampshire retirement system. The rules and provisions of the New Hampshire policemen’s retirement system shall hereby be considered a part of the rules and provisions of the New Hampshire retirement system for purposes of administering this section.