New Hampshire Code of Administrative Rules
Ret - Board of Trustees of the N.H. Retirement System
Chapter Ret 500 - FILING OF FORMS
Part Ret 502 - FORMS AND FILING REQUIREMENTS
Section Ret 502.16 - Filing of NHRS Form FS-1, Financial Affidavit

Universal Citation: NH Admin Rules Ret 502.16

Current through Register No. 12, March 21, 2024

(a) Every member who files a petition for relief due to a financial inability to pay the member's assessed share of contributions to purchase enrollment oversight service pursuant to Ret 308.09 shall complete an FS-1 form.

(b) Every member who files an FS-1 form shall provide the following information:

(1) The member's name, Social Security number, address, telephone number, date of birth, age, marital status, and the names of all dependents;

(2) The member's employment status, the employer's name and address, the spouse's employment status, and the spousal employer's name and address;

(3) A list of the member's and spouse's financial assets including bank accounts, stocks, bonds, trust income and pension plan assets;

(4) A breakdown of the member's and the spouse's monthly income including wages, alimony, separate maintenance and child support payments;

(5) A breakdown of the member's or family's monthly housing costs and customary living expenses including rent or mortgage, utilities, food, clothing and miscellaneous expenses;

(6) A breakdown of the member's and spouse's consumer debts, the names of the creditors, the nature of the purchases, the current balance on each account and the monthly payment for each account;

(7) A breakdown of other obligations including alimony, support and child or dependent care and the amounts of the monthly payments;

(8) The value of the member's monthly rent or mortgage payment, the market value of the member's principal residence, the holder of the mortgage, the balance due, the value of any real estate transfers or sales conducted within 6 months of this application;

(9) A description of personal property including automobiles, watercraft, aircraft and recreational vehicles, the value of those items and the balances due on them;

(10) A description of other assets not listed elsewhere on this form; and

(11) A recitation of any extenuating circumstances which might have a bearing on the determination.

(c) The member shall date, sign and complete the affirmation in the presence of a Justice of the Peace or Notary Public;

(d) Based on the information provided on Form FS-1 and in accordance with the requirements of RSA 100-A:3, VI(d)(3), the review panel shall approve or deny the application, date it and sign it.

#7574, eff 10-10-01, EXPIRED: 10-10-09

New. #9563, eff 10-14-09

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