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 305 - BENEFITS
Section Ret 305.05 - Split Benefit Retiree Cost-of-living Allowance

Universal Citation: NH Admin Rules Ret 305.05

Current through Register No. 40, October 3, 2024

(a) "Retirement allowance" means "retirement allowance" as defined in RSA 100-A:1, XXII.

(b) "Split-benefit retire" means any retiree who has creditable service in both group I and group II, and whose retirement allowance is computed based upon both his group I creditable service and his group II creditable service in accordance with Laws of 1977, 573:1 or RSA 100-A:19-a through RSA 100-A:19-h.

(c) For purposes of receiving any cost-of-living adjustments applicable to any split-benefit retirement allowance, a split-benefit retiree's split-benefit retirement allowance shall be treated as 2 separate retirement allowances. The retiree's group I portion shall be adjusted in accordance with the appropriate group I member classification cost-of-living allowance as provided in the legislation establishing such cost of living allowance.

(d) For purposes of this rule, if a split-benefit retiree has group I service both as a teacher and as an employee, the appropriate group I member classification shall be the group I member classification in the service that is latest in time.

(e) If a split-benefit retiree has group II service both as a permanent police officer and as a permanent firefighter, the appropriate group II member classification shall be the group II member classification in the service that is latest in time.

(f) A split-benefit retiree's retirement status as a group I or group II retiree shall be determined by the group of the position last held.

#1953, eff 2-9-82 (rule Ret 202); ss by #2740, eff 6-11-84; ss by #2980, eff 2-21-85 EXPIRED 2-21-91

New. #5225, eff 9-18-91; amd by #5407, eff 6-11-92, EXPIRED: 6-11-98

New. #7375, INTERIM, eff 10-13-00, EXPIRES: 4-11-01; ss by #7478, eff 4-10-01; ss by #7573, eff 10-10-01; ss by #7674, eff 4-10-02; ss by #9562, eff 10-14-09

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