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 310 - CALCULATION OF COMPENSATION FOR DETERMINATION OF BENEFITS
Section Ret 310.02 - Cap on Earnable Compensation for the Purposes of Determining Average Final Compensation

(a) Earnable compensation in the final 12 months of creditable service prior to termination of employment shall be limited, for the purpose of calculating retirement benefits, to an amount equal to the member's earnable compensation cap.

(b) If a member's earnable compensation for his final 12 months of creditable service is not one of the high 3 years used to determine average final compensation, the earnable compensation cap shall not apply.

(c) Any earnable compensation, exclusive of the grandfathered amount received in the final 12 months of creditable service which is not used in the calculation of a member's benefits, solely because of the earnable compensation cap, shall not be subject to member or employer contributions to the NHRS and shall not be considered in the computation of average final compensation. Any such contributions shall be refunded.

(d) Each participating employer, through its payroll and personnel records, shall calculate and certify to the NHRS all accrued holiday, vacation, sick time or other credits earned by each member on account of service rendered before June 30, 1991. Member employers shall keep a copy of said calculation and certification in the member's personnel file.