RSA 100-A:53 Method of Financing; Group II.
Title: VI - PUBLIC OFFICERS AND EMPLOYEES
Chapter: 100-A - NEW HAMPSHIRE RETIREMENT SYSTEM
I. The benefits provided under RSA 100-A:52 shall be provided by a 401(h) subtrust of the New Hampshire retirement system. Beginning July 1, 2009, the 401(h) subtrust shall be funded by allocating to the subtrust the lesser of:
(a) 25 percent of group II employer contributions made for group II; or
(b) The percentage of group II employer contributions made for group II determined by the actuary to be the minimum rate necessary to maintain the benefits provided under RSA 100-A:52.
II. [Repealed.]
III. Except as provided in RSA 100-A:54, II, all contributions made to the retirement system to provide medical benefits under RSA 100-A:52 shall be maintained in a separate account, the 401(h) subtrust, and such funds shall not be used for or diverted to any purpose