Bill
Bill > HB50
NH HB50
NH HB50Relative to an appropriation for the unfunded accrued liability of the New Hampshire retirement system.
summary
Introduced
12/23/2022
12/23/2022
In Committee
03/16/2023
03/16/2023
Crossed Over
Passed
Dead
06/28/2024
06/28/2024
Introduced Session
2023 Regular Session
Bill Summary
This bill makes an appropriation to the New Hampshire retirement system to pay down the unfunded accrued liability.
AI Summary
This bill appropriates $50 million to the New Hampshire Retirement System (NHRS) to pay down the system's unfunded accrued liability. The bill authorizes the governor to draw the funds from the state treasury. This appropriation is intended to address the NHRS's unfunded pension obligations, which represent the difference between the system's assets and its projected future liabilities. By providing this funding, the state aims to improve the financial health and long-term stability of the New Hampshire public pension system.
Committee Categories
Budget and Finance, Government Affairs
Sponsors (12)
Michael Edgar (D)*,
John Cloutier (D),
David Cote (D),
Karen Ebel (D),
Jeffrey Goley (D),
Jim Maggiore (D),
Michael O'Brien (D),
Rebecca Perkins Kwoka (D),
Cindy Rosenwald (D),
Rosemarie Rung (D),
Steve Shurtleff (D),
Timothy Soucy (D),
Last Action
Ought to Pass with Amendment 2023-0977h: Motion Adopted Voice Vote 03/22/2023 House Journal 10 P. 92 (on 03/24/2023)
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