N.H. Admin. Code § Ret 308.04

Current through Register No. 50, December 12, 2024

Section Ret 308.04 - Installment Payment Interest

If an eligible employee elects to make annual installments as set forth in Ret 308.03(d)(2), each installment payment shall be due on June 30th of each year. Interest to be charged as set forth in Ret 308.03(d)(2) shall be calculated as of the June 30th due date of the initial installment payment. Payments not received by June 30th shall be deemed delinquent and subject to an additional assessment equal to 1% of the delinquent payment for each month or part thereof delinquent.

N.H. Admin. Code § Ret 308.04

#5324, eff 2-5-92 (from Ret 307.04) , EXPIRED: 2-5-98

New. #7375, INTERIM, eff 10-13-00, EXPIRES: 4-11-01; ss by #7478, eff 4-10-01; ss by #7573, eff 10-10-01, EXPIRED: 10-10-09

New. #9562, eff 10-14-09

Amended by Volume XXXVIII Number 19, Filed May 10, 2018, Proposed by #12511, Effective 4/11/2018, Expires 10/8/2028.

Amended by Volume XXXIX Number 06, Filed February 7, 2019, Proposed by #12707, Effective 1/9/2019, Expires 1/9/2029.