New Hampshire Code of Administrative Rules
Ret - Board of Trustees of the N.H. Retirement System
Chapter Ret 100 - ORGANIZATIONAL RULES
Part Ret 102 - DESCRIPTION OF AGENCY
Section Ret 102.01 - Description of Agency

Universal Citation: NH Admin Rules Ret 102.01

Current through Register No. 40, October 3, 2024

(a) The board:

(1) Establishes the allocation of trust fund assets;

(2) Engages investment management expertise;

(3) Formulates investment philosophy and guidelines;

(4) Monitors investment performance;

(5) Discloses the financial condition of the New Hampshire retirement system (NHRS);

(6) Adopts administrative rules;

(7) Reports to the legislature on the general status of the NHRS;

(8) Grants of work and non work related disabilities, service retirements, death benefits; and

(9) Approves internal/external operational policy.

(b) The NHRS staff operates under the general policies set by the board and general supervision of the executive director.

(c) NHRS staff is responsible for:

(1) Maintaining, controlling and reporting the service and financial accounts to members;

(2) Accounting for and controlling all contributions to the fund;

(3) Producing all financial reporting statements as required under generally accepted accounting principles;

(4) Providing retirement counseling services;

(5) Processing all applications for retirement benefits;

(6) Calculating the cost for prior service credits;

(7) Publishing member benefit informational pamphlets, newsletters and other documents, and

(8) Providing direct support to the trustees in all matters concerning budgets, legislation, audits and all other general operating matters.

#1953, eff 2-9-82 (rule Ret 100); ss by #2740, eff 6-11-84, EXPIRED 6-11-90

New. #5225, eff 9-18-91; amd by #6062, eff 7-15-95

New. #7373, INTERIM, eff 10-13-00, EXPIRES: 4-11-01; ss by #7476, eff 4-10-01; amd by #7571, eff 10-10-01

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