New Hampshire HB1170 provides a supplemental allowance for certain retired group II members of the state retirement system.

New Hampshire HB1170 amends the state retirement system to provide a supplemental allowance for retired group II members. Members who have been retired for at least 120 months but not more than 239 months by July 1, 2025, or their beneficiaries, are entitled to this allowance. The amount is calculated as $500 for each year of retirement following the eligibility date. The allowance becomes a permanent addition to the beneficiary's base retirement allowance and is funded from the state general fund. The act takes effect June 30, 2026.

New Hampshire HB1170 provides a supplemental allowance for certain retired group II members of the state retirement system.

New Hampshire HB1170 amends the state retirement system to provide a supplemental allowance for retired group II members. Members who have been retired for at least 120 months but not more than 239 months by July 1, 2025, or their beneficiaries, are entitled to this allowance. The amount is calculated as $500 for each year of retirement following the eligibility date. The allowance becomes a permanent addition to the beneficiary's base retirement allowance and is funded from the state general fund. The act takes effect June 30, 2026.