SB 309 New Hampshire Senate · 2024 Regular Session

relative to the vesting period for members of the state retirement system.

This bill reduces the time required for state employees to earn permanent retirement benefits from 10 years to 5 years. It directly affects members of the state retirement system, including teachers, police officers, and firefighters, by allowing them to qualify for disability retirement or deferred benefits after just five years of service. The legislation also adjusts the age requirements for certain split-benefit retirement options for those with combined service in different employee groups. By lowering the vesting threshold, the law aims to provide earlier financial security for workers who leave their jobs due to injury or other reasons before completing a decade of employment.
Bill status failed 3 of 5 stages cleared
Introduction
Dec 2023
Committee Review
Apr 2024
Senate Passage
Mar 2024
House Passage
Governor
Introduced Dec 8, 2023 Last action Oct 24, 2024
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Full legislative history

Actions timeline

Total actions
8
Key actions
2
Committee
3
Apr 9, 2024
Committee
Committee Report: Referred to Interim Study, 04/11/2024, Vote 5-2; SC 14A
upper
Mar 21, 2024
Upper · Passed
Ought to Pass: MA, VV; Refer to Finance Rule 4-5; 03/21/2024; SJ 7
upper
Mar 8, 2024
Upper · Passed
Committee Report: Ought to Pass, 03/21/2024; Vote 5-0; CC; SC 11
upper
Dec 8, 2023
Introduced
To Be Introduced 01/03/2024 and Referred to Executive Departments and Administration; SJ 1
upper
1 primary · 7 co-sponsors

Sponsors