New Hampshire HB1471 amends the retirement system for group II members who began service before July 1, 2011.

New Hampshire HB1471 modifies the retirement system by changing the calculation of average annual earnable compensation for group II members who started service before July 1, 2011, and have not attained vested status by January 1, 2012. The bill specifies that the average annual compensation should be based on the highest 5 years of creditable service or all years of service if less than 5 years. It also limits the inclusion of extra and special duty pay to the average annual amount paid over the last 5 years of service or all years if less than 5 years.

New Hampshire HB1471 amends the retirement system for group II members who began service before July 1, 2011.

New Hampshire HB1471 modifies the retirement system by changing the calculation of average annual earnable compensation for group II members who started service before July 1, 2011, and have not attained vested status by January 1, 2012. The bill specifies that the average annual compensation should be based on the highest 5 years of creditable service or all years of service if less than 5 years. It also limits the inclusion of extra and special duty pay to the average annual amount paid over the last 5 years of service or all years if less than 5 years.