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 307 - SERVICE CREDITS
Section Ret 307.01 - Computation
Current through Register No. 40, October 3, 2024
(a) For the purpose of determining service credit, fractions of a year of service for employees, police officers and firefighters shall be computed to the nearest 12th. Notwithstanding the foregoing, employees whose regular work year is at least 10 months but less than 12 months shall be eligible to receive one year of service credit for one regular work year of service, and fractions of a year shall be computed to the nearest 10th.
(b) In the case of teachers, or employees whose regular work year is the 10 month school year, the period from the commencement of the school year through the close of the school year shall constitute one school year of 10 months, and fractions of a year shall be computed to the nearest 10th.
#1953, eff 2-9-82 (rule Ret 307.1); for para (a); rule Ret 308.11 for para (b); ss by #2740, eff 6-11-84; ss by #2980, eff 2-21-85 EXPIRED: 2-21-91
New. #5225, eff 9-18-91, EXPIRED: 9-18-97
New. #7375, INTERIM, eff 10-13-00, EXPIRED: 4-11-01
New. #7573, eff 10-10-01, EXPIRED: 10-10-09
New. #9562, eff 10-14-09
