TITLE VI
PUBLIC OFFICERS AND EMPLOYEES

Chapter 103
POLICEMEN'S RETIREMENT SYSTEM

Section 103:1

    103:1 Declaration of Policy. – The public welfare requires that a system of retirement benefits shall be established to compensate the permanent policemen of this state for their future public services rendered in the performance of their duties of protecting life and property within this state; and that suitable compensation shall be provided for the policemen of this state or their dependents whenever such policemen shall be permanently disabled or killed in line of duty.

Source. 1941, 166:1. RL 221:1.

Section 103:2

    103:2 Definition. – The words "permanent policeman" as used herein shall mean any person, male or female, who is a chief, deputy chief, marshal, deputy marshal, colonel, major, captain, lieutenant, sergeant, officer of other rank, inspector, chief clerk, clerk, radio dispatcher, radio engineer or operator, patrolman, trooper, detective, investigator, mechanic, electrician, laboratory worker or other technical expert regularly employed on full time duty by a police department or police force of the state, or of any city, town, village or precinct in the state.

Source. 1941, 166:2. RL 221:2. RSA 103:2. 1963, 238:1, eff. July 1, 1963.

Section 103:3

    103:3 Board of Trustees. – The administration of the retirement system established by this chapter is hereby vested in the board of trustees established by RSA 100-A:14 and it shall have with respect to this system all the rights, powers, duties, restrictions, and immunities it has with respect to the retirement system established by RSA 100-A and the word "board" or phrase "retirement board" when used in this chapter, unless a different meaning is plainly required by the context, shall mean said board of trustees.

Source. 1941, 166:3. RL 221:3. RSA 103:3. 1967, 134:14, eff. July 1, 1967.

Section 103:4

    103:4 Membership. – Any permanent policeman in this state who prior to July 1, 1967 accepted the provisions of this chapter shall continue to be entitled to the benefits of this system thereafter, unless on or before November 30, 1967 or May 1, 1968 he files with the board of trustees, on a form prescribed by the board, a notice of his election to become a member as of January 1, 1968 or July 1, 1968 of the New Hampshire Retirement System as provided by RSA 100-A:3, II, in which event his entitlement to the benefits provided under this system shall cease as of December 31, 1967 or June 30, 1968. Any permanent policeman who prior to July 1, 1967 did not accept the provisions of this chapter or any person who becomes a permanent policeman on or after that date shall be ineligible to make application to accept the provisions of this chapter and shall not be entitled to the benefits hereof.

Source. 1941, 166:4. RL 221:4. 1945, 145:1. RSA 103:4. 1957, 50:1. 1967, 134:15, eff. July 1, 1967.

Section 103:5

    103:5 Duties of Retirement Board. – The board shall supervise the collection of assessments on all permanent policemen accepting the provisions hereof, and the payment of retirement benefits and other compensation under this chapter. To carry out the purposes hereof the board may make all manner of reasonable rules and regulations not inconsistent with the provisions hereof. The board shall employ a secretary at a salary to be approved by it, whose duty it shall be to keep a record of all its proceedings and to perform such administrative duties as it may direct. The expenses of administration of this chapter shall be paid out of the retirement fund hereinafter provided.

Source. 1941, 166:5. RL 221:5.

Section 103:6

    103:6 Individual Accounts. – The board shall establish and keep a record of the individual account of each permanent policeman accepting the provisions hereof. Each individual account shall state the policeman's age, annual salary, length of service, date of acceptance of chapter, date of retirement, payments to the retirement fund, and the benefits or compensation received by such policeman.

Source. 1941, 166:6. RL 221:6.

Section 103:7

    103:7 Assessment on Salaries. – The retirement and other compensation provided for by this chapter shall be paid out of a retirement fund, which shall consist of all moneys collected from assessments or appropriations or gifts provided for herein. At the beginning of each fiscal year the board shall fix the applicable rate of assessment upon the annual salaries of all permanent policemen who accept the provisions hereof. Unless and until changed by the board, such rate of assessment shall be 6-85/100 percent of each policeman's annual salary, except, that in the case of any policeman employed by a city having a population of more than 34,000 inhabitants and until the governing body of said city shall elect to discontinue its present policy of paying a supplementary retirement benefit to any permanent policeman employed by the city who may thereafter be granted a retirement benefit under the provisions of the New Hampshire Policemen's Retirement System, no assessment shall be made upon that part of his annual salary in excess of $2,400. The board shall, in such manner as it may prescribe, give notice of the rate and amount of assessment of each permanent policeman's salary to the treasurer or other disbursing officer of the state, city, town, village or precinct where such permanent policeman is employed. All assessments under this section shall be payable in equal monthly installments on the last business day of each calendar month. It shall be the duty of the treasurer or other disbursing officer of the state, city, town, village or precinct, employing permanent policemen, who accept the provisions hereof, to withhold from the monthly salary of each permanent policeman and to pay the board an amount equal to the monthly assessment against such permanent policeman's salary, as before provided. All permanent policemen who shall accept the provisions hereof by such acceptance agree that the treasurer or other disbursing officer of the state, city, town, village or precinct which employs them shall have the power to withhold from their monthly salaries the amounts aforesaid. Anything in this section to the contrary notwithstanding, any policeman who is over 35 years of age at the time he accepts the provisions of this chapter shall be assessed by the board on the part of his annual salary which would have been assessable had he been under age 35 on the date of such acceptance, at the increased rate determined in accordance with the following table:
Age at Accepting 
the Provisions Percentage Rate
of the Chapter of Assessment
 36 6.90%
 37 6.95
 38 7.00
 39 7.05
 40 7.10
 41 7.16
 42 7.22
 43 7.28
 44 7.34
 45 7.41
 46 7.47
 47 7.53
 48 7.59
 49 7.65
 50 7.72
 51 7.78
 52 7.85
 53 7.92
 54 7.99
 55 8.06
 56 8.13
 57 8.20
 58 8.28
 59 and over 8.36
 
 

Source. 1941, 166:7. RL 221:7. 1953, 112:1. RSA 103:7. 1957, 50:2; 189:1. 1961, 191:1. 1963, 238:2, eff. July 1, 1963.

Section 103:8

    103:8 Additional Retirement Allowance. – In addition to the assessment made on the assessable part of any policeman's annual salary as hereinbefore provided, and subject to the approval of the board and to such rules and regulations as the board may prescribe with respect thereto, any permanent policeman may provide for himself an additional retirement allowance by making special deposits in his individual account. Such special deposits together with interest credited thereon as determined by the board shall be paid to him upon resignation or dismissal from service, or to his estate or his designated beneficiary upon his death before retirement. Upon his retirement for any cause, his accumulated special deposits shall be returnable to him in cash, or, at his election, part or all of such accumulated special deposits may be taken as a monthly annuity of equivalent actuarial value; provided such annuity together with his regular monthly retirement allowance shall not exceed a sum equal to 1/2 his average monthly salary during the 12-month period preceding his retirement.

Source. 1951, 63:1. 1953, 112:2, eff. Apr. 22, 1953.

Section 103:9

    103:9 Contributions. –
I. At the beginning of each year commencing on the first day of July the board of trustees shall certify to each employer other than the state the percentage rates of contribution due the system from each such employer, and shall assess upon each such employer such percentages of the earnable compensation of members in its employ, and it shall be the duty of the treasurer or other disbursing officer of each such employer to pay to the board of trustees such portion of the annual amount so assessed at such times and in such manner as the board of trustees may prescribe. Each such employer is hereby authorized to appropriate the sums necessary for the payment of such assessments.
II. The contributions of each employer for benefits under the retirement system on account of police members shall consist of a percentage of the earnable compensation of its members to be known as the "normal contribution"; and an additional amount to be known as the "accrued liability contribution"; provided that any employer, other than the state, shall pay 65 percent of such total contributions, and 35 percent thereof shall be paid by the state; and provided further that in case of police members employed by the state, the state shall pay both normal and accrued liability contributions.

Source. 1941, 166:8. RL 221:8. RSA 103:9. 1977, 528:5, eff. July 1, 1978.

Section 103:10

    103:10 Normal Contribution Rate. – The normal contribution rate shall be determined as the uniform and constant percentage of the annual salary of the average new permanent policeman entering the system which, if contributed on the basis of his salary throughout his entire period of active service would be sufficient, together with the assessment provided in RSA 103:7, to provide for the payment of any benefit payable on his account under this chapter. The accrued liability contribution shall be determined by the actuary as the amount necessary to liquidate the unfunded accrued liability as of June 30, 1968 over a period of 20 years from that date. The unfunded accrued liability is the amount of the total liabilities of the system which is not dischargeable by the funds in hand, the assessment and the normal contribution. After the determination of the unfunded accrued liability as of June 30, 1968, the normal contribution shall be determined after each actuarial valuation as the rate percent of the annual salary of each participating permanent policeman obtained by deducting from the total liabilities of the system the amount of the funds in hand, the present value of future assessments and the then current unfunded accrued liability and dividing the remainder by one percent of the present value of the future salaries of all permanent policemen who are then participating in the system.

Source. 1941, 166:9. RL 221:9. RSA 103:10. 1961, 191:2. 1963, 238:3. 1977, 528:6, eff. July 1, 1978.

Section 103:11

    103:11 Administration of Retirement Fund. –
I. All moneys collected by the board hereunder shall be forthwith remitted to the state treasurer who shall act as custodian of the retirement fund. Donations to the retirement fund may be accepted by the state treasurer. With the exception of such moneys as may be required for current disbursement, the state treasurer shall invest and reinvest the retirement funds in accordance with the laws governing the investments of savings banks, and further may invest and reinvest such funds in shares of cooperative banks and building and loan associations existing under the laws of this state and of federal savings and loan associations located in this state, and may make deposits in savings banks or trust companies existing under the laws of this state or in national banks located in this state. The fiscal year of the board shall begin July 1, unless otherwise established by the board.
II. Upon the receipt of an order from the board, it shall be the duty of the state treasurer to pay out of the retirement fund to such person as may be entitled thereto such benefits or compensation as the board may find due under the provisions hereof.
III. On or before the first day in August in each year, the state treasurer shall file with the secretary of the board a sworn statement exhibiting the financial condition of the retirement fund as of the thirtieth day of June of such year. Such statement shall be in such form as may be prescribed by the board and shall be published with the report of the state treasurer. The accounts of the board and the books and accounts of the state treasurer shall be audited and examined annually at the time and in the manner prescribed for the annual audit of the accounts of the state treasurer.

Source. 1941, 166:10. RL 221:10. RSA 103:11. 1965, 115:4, eff. July 27, 1965.

Section 103:12

    103:12 Retirement. – Any permanent policeman who accepts the provisions of this chapter may retire from active service after serving as a permanent policeman for a period of 25 continuous years or after reaching the age of 65 regardless of his period of service as a permanent policeman. Any permanent policeman accepting the provisions hereof who shall be dismissed from service after having served as a permanent policeman for a period of 25 continuous years, or after reaching the age of 65 regardless of his period of service as a permanent policeman, shall be entitled to the benefits of this chapter. Upon retirement a permanent policeman shall no longer be obligated to pay assessments to the retirement fund. The board may, if it deems proper, in a case of a break in a policeman's continuous service of not more than 3 years, construe as a period of continuous service of such policeman, by adding his service before the break to his service after the break.

Source. 1941, 166:11. RL 221:11. RSA 103:12. 1957, 50:3; 189:2. 1961, 191:3. 1963, 238:4. 1971, 365:1. 1979, 420:7, eff. July 1, 1979.

Section 103:13

    103:13 War Service. – In case of a break in a policeman's continuous service by reason of military or federal law enforcement service directly attributable to war, the board shall construe as a period of continuous service the total service of such policeman before the break, his military or federal law enforcement service and his service after the break.

Source. 1945, 17:1, eff. Feb. 13, 1945.

Section 103:14

    103:14 Retirement Benefits. – Any permanent policeman who retires or is dismissed from service as provided in RSA 103:12 and who shall have complied with all the provisions hereof and with the rules and regulations of the board shall be entitled to receive from the retirement fund, for each year during the remainder of his life, a sum equal to 1/2 of his annual salary for the 3 highest years preceding his retirement, as determined by the board, but in no event shall this sum be less than $1,200; provided, however, that in the case of a policeman employed by a city having a population of more than 34,000 inhabitants, such sum shall be equal to 1/2 of the assessed part of his average annual salary for the 3 years preceding his retirement; and further provided, that if at the time of his retirement he shall have served as a permanent policeman for a period of less than 25 continuous years, such sum as computed above shall be reduced pro rata in the proportion which the actual number of completed years of continuous service bears to 25. Anything to the contrary notwithstanding, an appropriate adjustment, as determined by the board under rules uniformly applicable to all policemen similarly situated, shall be made in the sum otherwise payable to the policemen if at the time subsequent to July 1, 1953 or subsequent to the date of his accepting these provisions, if later, the rate of assessment upon the assessable part of his annual salary has been less than 5-3/4 percent or if at any time subsequent to July 1, 1961 or the date of such acceptance, if later, the rate of assessment has been less than 6-85/100 percent of his annual salary. Retirement benefits shall be paid in equal monthly installments on the first business day of each calendar month.

Source. 1941, 166:12. RL 221:12. 1953, 112:3. RSA 103:14. 1957, 50:4; 189:3. 1961, 191:4. 1963, 238:5. 1967, 405:11. 1971, 511:3, eff. July 1, 1971.

Section 103:14-a

    103:14-a Repealed by 1977, 528:18, eff. July 1, 1977. –

Section 103:14-b

    103:14-b Repealed by 1977, 528:17, eff. July 1, 1977. –

Section 103:14-c

    103:14-c Supplementary Allowances; Municipal Policemen. – Any municipal police beneficiary who retired prior to July 1, 1961 and who is in receipt of a retirement allowance on January 1, 1974 shall, beginning with the month of January, 1974 and monthly thereafter, but not beyond the month of December, 1974, have his allowance increased by 18 percent. If the beneficiary of a retired member who retired prior to July 1, 1961 and elected an option providing for a survivor annuity is in receipt of such survivor annuity on January 1, 1974, the beneficiary shall be paid beginning with the month of January, 1974 and monthly thereafter but not beyond the month of December, 1974, an increased retirement allowance which shall be the same proportion of the increased retirement allowance the member would have been entitled to receive, if any, prior to any optional modification, had he been living on January 1, 1974, as the survivor annuity bears to the full allowance prior to optional modification by such former retired member at retirement. When the increased retirement allowance of any one beneficiary shall be ascertained under the terms of the above-mentioned provisions, the difference between said increased retirement allowance and the retirement allowance said beneficiary is then receiving as of December 31, 1973 shall be multiplied by 2 and the said sum shall be paid to said beneficiary in 12 monthly installments during the period from January 1, 1974 to December 31, 1974. Nothing herein shall be construed as affecting the regular retirement allowance of any beneficiary. The payment of the additional retirement allowances payable hereunder shall be contingent on the payment by the state of the additional amounts required to meet the current disbursements of such additional retirement allowances.

Source. 1974, 35:8, I, eff. April 15, 1974.

Section 103:14-d

    103:14-d Supplementary Cost of Living Allowances; Municipal Police. – Any municipal police beneficiary who retired between July 1, 1961 and January 1, 1968 and who is in receipt of a retirement allowance on January 1, 1974 shall, beginning with the month of January, 1974 and monthly thereafter, but not beyond the month of December, 1974, have his allowance increased by 11 percent. If the beneficiary of a retired member who retired after July 1, 1961 and elected an option providing for a survivor annuity is in receipt of such survivor annuity on January 1, 1974, the beneficiary shall be paid beginning with the month of January, 1974 and monthly thereafter, but not beyond the month of December, 1974, an increased retirement allowance which shall be the same proportion of the increased retirement allowance the member would have been entitled to receive, if any, prior to any optional modification, had he been living on January 1, 1974, as the survivor annuity bears to the full allowance prior to optional modification by such former retired member at retirement. When the increased retirement allowance of any one beneficiary shall be ascertained under the terms of the above-mentioned provisions, the difference between said increased retirement allowance and the retirement allowance said beneficiary is then receiving as of December 31, 1973 shall be multiplied by 2 and the said sum shall be paid to said beneficiary in 12 monthly installments during the period from January 1, 1974 to December 31, 1974. Nothing herein shall be construed as affecting the regular retirement allowance of any beneficiary, or any other supplementary allowance of any beneficiary. The payment of the additional retirement allowance payable hereunder shall be contingent on the payment by the state of the additional amounts required to meet the current disbursements of such additional retirement allowances.

Source. 1974, 35:8, I, eff. April 15, 1974.

Section 103:14-e

    103:14-e Repealed by 1977, 528:19, eff. July 1, 1977. –

Section 103:14-f

    103:14-f Supplementary Allowances; State Policemen. – Any state police beneficiary who retired prior to September 1, 1973, and who is in receipt of a retirement allowance on January 1, 1974 shall, beginning with the month of January, 1974 and monthly thereafter, but not beyond the month of December, 1974, have his allowance increased by 5 percent. If the beneficiary of a retired member who retired after January 1, 1968 and elected an option providing for a survivor annuity is in receipt of such survivor annuity on January 1, 1974, the beneficiary shall be paid beginning with the month of January, 1974 and monthly thereafter but not beyond the month of December, 1974, an increased retirement allowance which shall be the same proportion of the increased retirement allowance the member would have been entitled to receive, if any, prior to any optional modification, had he been living on January 1, 1974, as the survivor annuity bears to the full allowance prior to optional modification by such former retired member at retirement. When the increased retirement allowance of any one beneficiary shall be ascertained under the terms of the above-mentioned provisions, the difference between said increased retirement allowance and the retirement allowance said beneficiary is then receiving as of December 31, 1973 shall be multiplied by 2 and the said sums shall be paid to said beneficiary in 12 monthly installments during the period from January 1, 1974 to December 31, 1974. Nothing herein shall be construed as affecting the regular retirement allowance of any beneficiary. The payment of the additional retirement allowance payable hereunder shall be contingent on the payment by the state of the additional amounts required to meet the current disbursements of such additional retirement allowances.

Source. 1974, 35:10, I, eff. April 5, 1974.

Section 103:14-g

    103:14-g Repealed by 1977, 528:21, eff. July 1, 1977. –

Section 103:15

    103:15 Compensation in Case of Death or Permanent Disability. – Any permanent policeman accepting the provisions hereof who shall have become permanently and totally disabled to perform useful service, because of injury received in the actual performance of his duty, may be retired by the board, and shall be entitled to the benefits hereunder and shall receive an annual sum equal to 1/2 of the assessed part of his annual salary at the date of his disability, for the duration of such disability, as determined by the board, but in no case shall such payment be less than $1,200 per year. Any permanent policeman accepting the provisions hereof, who has performed faithful service in his department for at least 20 years and who shall become permanently and totally incapacitated from performing useful service, either mentally or physically, may be retired and shall be entitled to the benefits hereunder, and for the duration of his incapacity he shall receive an annual sum equal to 1/2 of his average annual salary for the 5 years in the last 10 years next preceding the date of such permanent and total incapacity during which his annual salary was the highest, as determined by the board, but in no case shall such payment be less than $1,200 per year; provided, that if at the date of his incapacity he shall not have completed 25 years of service the sum so determined shall be reduced pro rata in the proportion which the actual number of completed years of service bears to 25, but in no case shall the policeman receive less than $1,200 per year; and further provided, that in the case of a policeman employed by a city having a population of more than 34,000 inhabitants, such sum shall not exceed 1/2 of the assessed part of his annual salary at retirement. However, an appropriate adjustment, as determined by the board under rules uniformly applicable to all policemen similarly situated, shall be made in the sum otherwise payable to the policeman disabled because of injury in the actual performance of duty or incapacitated from performing useful service, either mentally or physically, if at any time subsequent to July 1, 1953, or subsequent to the date of his accepting these provisions, if later, the rate of assessment upon the assessable part of his annual salary has been less than 5-3/4 percent or if at any time subsequent to July 1, 1961 or the date of such acceptance, if later, the rate of assessment has been less than 6-85/100 percent of his annual salary. The fact of such disability or such incapacity shall be established from time to time as the board may require by a certificate of a physician designated by the board. In case a permanent policeman, accepting the provisions hereof, shall die as the result of injury received in line of duty, his widow, or if none, his minor child or children shall receive an annual sum equal to 1/2 the assessed part of the annual salary of such deceased policeman at the time of his death, but in no case less than $1,200 per year. This sum shall be payable until, in the case of a widow, she dies, or remarries, or in the case of a minor child or children, they die or reach the age of 18 years, but if there is no wife, child or children under the age of 18 years, surviving such policeman, then to his totally dependent father or mother, or both, or the survivor of them, as the board shall determine, during dependency. In case the widow dies without remarrying and leaves a minor child or children, the payment shall continue until such minor child or children die or reach the age of 18 years or marry before reaching the age of 18 years. Said sums shall be paid in equal monthly installments on the first business day of each calendar month. Should such deceased policeman leave no widow, minor child or children, or totally dependent father or mother, his estate or designated beneficiary shall be entitled to receive from the retirement fund all payments made thereto by him, without interest. In case a permanent policeman, accepting the provisions hereof, shall die not as the result of injury received in line of duty, his widow, or, if none, his living child or children under age 18 shall receive, in addition to the amount payable under RSA 103:16, a lump sum equal to $3,600, except in the case of a policeman employed by a city having a population of more than 34,000 inhabitants, in which case the lump sum shall not exceed the amount of the assessed part of his annual salary at his death.

Source. 1941, 166:13. RL 221:13. 1953, 112:4. RSA 103:15. 1957, 189:4. 1961, 191:5. 1963, 238:6, eff. July 1, 1963.

Section 103:15-a

    103:15-a Temporary Assignment to Another Department; Compensation. – Any permanent policeman accepting the provisions of this chapter who is, at the time of his death or disability, working for some other than his own police department or a component of the state or federal government on a temporary assignment shall be compensated as though he was working for his own department and shall receive the same benefits that would have accrued to him if he had been working for his own department, provided that the policeman was working with the knowledge and approval of his commanding officer, police chief, selectmen, or city or town manager. This section shall apply to any permanent policeman working under cover, on emergency duty or in a training capacity. In the event such temporary assignment should exceed 10 working days, it shall be the obligation of the receiving agency of the assignee to insure that all member and employer contributions as required by RSA 103 are properly transmitted to the New Hampshire retirement system.

Source. 1977, 389:1, eff. Sept. 3, 1977.

Section 103:16

    103:16 Resignation, Dismissal and Reinstatement. – Any permanent policeman accepting the provisions hereof who shall resign or be dismissed from service before becoming eligible for retirement and the estate or designated beneficiary of any such permanent policeman who may die before becoming eligible for retirement, not as the result of an injury received in line of duty, shall be entitled to receive from the retirement fund all payments made thereto by him, without interest, and minus a fixed charge as the board may prescribe. Upon resignation or dismissal from service a permanent policeman shall no longer be obligated to pay assessments to the retirement fund. Any permanent policeman, resigned or dismissed from service as aforesaid may, if he thereafter reenters service as a permanent policeman, be reinstated to the benefits hereunder upon payment to the board of all assessments which might have been assessed against him from the date of his original acceptance hereof to his resignation or dismissal and upon reinstatement he shall thereafter make the payments to the retirement fund prescribed by the board under RSA 103:7.

Source. 1941, 166:14. RL 221:14. RSA 103:16. 1963, 238:7, eff. July 1, 1963.

Section 103:17

    103:17 Compensation Upon Death After Retirement. – The estate or designated beneficiary of any permanent policeman who shall die after having retired under the provisions of RSA 103:14 or 15 shall be entitled to receive from the retirement fund any excess of the total payments made thereto by him, without interest, over the aggregate retirement allowance payments received by him prior to his death. In addition, a lump sum equal to $3,600 shall be payable, except in the case of a former policeman who was employed by a city having a population of more than 34,000 inhabitants, in which case the lump sum shall not exceed the amount of the assessed part of his annual salary at retirement.

Source. 1953, 112:5. RSA 103:17. 1961, 191:6. 1963, 238:8, eff. July 1, 1963.

Section 103:18

    103:18 Exemption of Payments and Benefits; Assignability. – The payments made by permanent policemen to the board and the benefits or compensation received hereunder shall be exempt from taxation, attachment, and the operation of laws relating to insolvency or bankruptcy. No assignment of benefits or compensation due hereunder shall be valid unless approved by the board.

Source. 1941, 166:15. RL 221:15.

Section 103:18-a

    103:18-a Authorized Deductions. – Notwithstanding any other provisions of this chapter any member of the policemen's retirement system who makes application for benefits under this chapter and who was at the time a member of an insurance or hospitalization group plan for which payroll deductions are authorized, may request that the monthly premium for such service be deducted from the monthly retirement benefit which he is to receive, and in such case said deduction shall be made from the sums due the member. Provided, further, that deductions from retirement benefits shall be made, if requested by retired policemen receiving such benefits, who transfer an existing direct pay membership or subscribe as a new member for such plan, if permitted by regulations of such plan.

Source. 1963, 58:1, eff. July 6, 1963.

Section 103:18-b

    103:18-b Benefit Assignments, Etc. – Notwithstanding any provision of law to the contrary, benefits or compensation due hereunder shall be subject to any attachment, assignment, and execution to the same extent as such rights under private retirement systems. No approval from the board shall be required for such assignments.

Source. 1977, 465:2, eff. Sept. 10, 1977.

Transfer of Membership From State Employees' Retirement System

Section 103:19

    103:19 Transfer Authorized. – Any permanent policeman who is a member of the state employees' retirement system on July 1, 1957, and who is eligible for membership in the policemen's retirement system, hereinbefore set forth, may elect within 3 months after said date to transfer his membership from the state employees' retirement system to the policemen's retirement system in accordance with the provisions of RSA 100:21 to 27, relative to transfers of membership between state retirement systems, anything in said subdivision to the contrary notwithstanding.

Source. 1957, 49:1, eff. July 1, 1957.

Section 103:20

    103:20 Transfer of Reserves. – Upon transfer of membership of a permanent policeman from the state employees' retirement system to the policemen's retirement system under the provisions of this subdivision, in addition to the transfer of his accumulated contributions under the provisions of RSA 100:23, the reserve for benefits accrued under the state employees' retirement system provided by the employer's contributions on account of his service rendered prior to the date of such transfer, actuarially computed, shall be transferred from the state employees' retirement system to the policemen's retirement system.

Source. 1957, 49:1, eff. July 1, 1957.

Section 103:21

    103:21 Benefits. – Any provision of RSA 100:24 notwithstanding any permanent policeman whose membership has been transferred from the state employees' retirement system to the policemen's retirement system in accordance with the provisions of this subdivision shall thereafter be eligible for such benefits as are provided under this chapter, as hereinabove amended, as if he had accepted the provisions of said chapter at the time of becoming a member of the state employees' retirement system.

Source. 1957, 49:1, eff. July 1, 1957.