New Hampshire Code of Administrative Rules
Ret - Board of Trustees of the N.H. Retirement System
Chapter Ret 300 - PARTICIPATION IN THE RETIREMENT SYSTEM
Part Ret 304 - CONTRIBUTION ADJUSTMENT, EARNABLE COMPENSATION ADJUSTMENT AND SERVICE ADJUSTMENT
Section Ret 304.06 - Interest Penalty
Universal Citation: NH Admin Rules Ret 304.06
Current through Register No. 40, October 3, 2024
In accordance with RSA 100-A:16, any member contributions deducted by the employer or any employer contributions assessed under Ret 304.03 which are not timely remitted to the NHRS shall, in addition to the provisions of Ret 304.05, incur a penalty of interest on the total amount due at the rate of one percent for each month or fraction thereof from the date the contribution adjustment payment was required to be remitted to the date the contribution adjustment payment is received in full by the NHRS.
#7478, eff 4-10-01; ss by #7573, eff 10-10-01, EXPIRED: 10-10-09
New. #9562, eff 10-14-09; ss by #10111, eff 4-11-12
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