SB601

New Hampshire SB601 modifies the allocation and disbursement of state contributions for non-state employer pension costs under the New Hampshire.

New Hampshire SB601 amends RSA 100-A:16, II(b) and (c) to change the allocation and disbursement of state contributions for non-state employer pension costs under the New Hampshire retirement system. The bill specifies that the state's 7.5 percent share of employer contributions will be paid to the New Hampshire retirement system by the commissioner of revenue administration. The commissioner will first credit this amount to the education trust fund as state tax revenue under RSA 76.