New Hampshire HB1245 allows independent contractors and hiring parties to voluntarily participate in portable benefit plans.

New Hampshire HB1245 amends state law to create a new chapter on voluntary portable benefit plans for independent contractors. This act allows hiring parties to contribute to an independent contractor's portable benefit account, provided the contractor opts in and the agreement is clear. Contributions can be made using funds withheld from compensation, but this does not affect the worker's independent contractor status. The act also ensures that voluntary contributions do not establish an employer-employee relationship. The new law takes effect 60 days after passage.

New Hampshire HB1245 allows independent contractors and hiring parties to voluntarily participate in portable benefit plans.

New Hampshire HB1245 amends state law to create a new chapter on voluntary portable benefit plans for independent contractors. This act allows hiring parties to contribute to an independent contractor's portable benefit account, provided the contractor opts in and the agreement is clear. Contributions can be made using funds withheld from compensation, but this does not affect the worker's independent contractor status. The act also ensures that voluntary contributions do not establish an employer-employee relationship. The new law takes effect 60 days after passage.