RSA 100-A:53-d Method of Financing; Group I State Employees.
Title: VI - PUBLIC OFFICERS AND EMPLOYEES
Chapter: 100-A - NEW HAMPSHIRE RETIREMENT SYSTEM
I. The benefits provided under RSA 100-A:52-b 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 I employer contributions made for group I state employees; or
(b) The percentage of group I employer contributions made for group I state employees determined by the actuary to be the minimum rate necessary to maintain the benefits provided under RSA 100-A:52-b.
II. All contributions made to the retirement system to provide medical benefits under RSA 100-A:52-b shall be maintained in a separate account, the 401(h) subtrust. All funds and accumulated interest shall not be used for or diverted to any purpose other tha