In accordance with RSA 100-A:16, any member contributions deducted by the employer or any employer contributions assessed under Ret 304.03 which are not timely remitted to the NHRS shall, in addition to the provisions of Ret 304.05, incur a penalty of interest on the total amount due at the rate of one percent for each month or fraction thereof from the date the contribution adjustment payment was required to be remitted to the date the contribution adjustment payment is received in full by the NHRS.
N.H. Admin. Code § Ret 304.06
#7478, eff 4-10-01; ss by #7573, eff 10-10-01, EXPIRED: 10-10-09
New. #9562, eff 10-14-09; ss by #10111, eff 4-11-12