Section Ret 312.01 - Allocation of CostsActuarial fees shall be paid as follows:
(a) Actuarial fees for cost estimates for NHRS participation requested by any political subdivision authorized to become a participating employer pursuant to RSA 100-A:20 or other entity as defined in RSA 100-A:29, shall be totally paid by the political subdivision.(b) Actuarial fees associated with legislation sponsored on behalf of a representative association and not concurred in by the other member associations shall be paid by the sponsoring representative association.(c) Actuarial fees associated with legislation introduced by a state senator(s) or state representative(s) for the benefit of a single individual or individuals requiring actuarial cost estimates shall be paid for by the individual unless otherwise provided in such legislation. In cases where more than one individual is involved, actuarial fees shall be shared equally by each individual involved in the legislation.(d) If legislation is sponsored by a state senator(s) or state representative(s) mutually concurred in by the member organization within each group, that is, group I or group II, or legislation recommended by the board of trustees, actuarial fees for cost studies shall be paid by the NHRS.(e) Members of the NHRS who were improperly enrolled due to an oversight by their employers and for whom calculations of unfunded accrued liability were necessary shall be required to bring funding up to date for the proper membership classification. All actuarial fees shall be paid for by the employer.(f) For members who have accepted other employment and who are required to become a member of another group classification and for whom calculations to determine the unfunded accrued liability amount shall be required, the NHRS shall pay for actuarial fees incurred in making such calculations.(g) An employer which requests a cost estimate of its unfunded accrued liability shall pay the fees for the actuarial calculation by the NHRS's actuary. Upon being invoiced by the NHRS, the employer shall submit a deposit, as determined by the NHRS, toward the cost of the calculation with its request for the estimate. When the actuary has completed the calculation, the NHRS shall notify the employer of any balance due. Upon receipt of any balance due, the NHRS shall provide a copy of the actuarial calculation results to the employer. If the employer notifies the NHRS in writing that it has decided not to proceed with the withdrawal, the NHRS shall return any unused portion of the deposit.(h) An employer shall pay the actuarial fees the NHRS incurs for analyzing the employer's proposed alternative plan for parity with NHRS. Upon being invoiced by the NHRS, the employer shall submit a deposit toward the cost of the analysis. When the actuary has completed the analysis, the NHRS shall notify the employer of any balance due. Upon receipt of any balance due, the NHRS shall provide a copy of the actuarial analysis results to the employer.N.H. Admin. Code § Ret 312.01
Derived From Volume XXXIX Number 06, Filed February 7, 2019, Proposed by #12707, Effective 1/9/2019, Expires 1/9/2029.