[NRO, T. 4, §§ 4801 to 4802
(Secs. 2-616 to 2-617 of the 1987 Code)]
A.
All employees of the City who are not now covered
under any contributory or funded pension plan, and who are eligible
and desirous of securing a pension upon retirement, shall make application,
pay the contributions required thereafter, and retain membership in,
any New Hampshire state retirement system of which he or she is now
qualified to become a member, by August 14, 1974. The City shall pay
all contributions required by reason of service performed prior to
the date of membership by each employee.
B.
All persons becoming employed by the City after August
14, 1973, who are not eligible to participate in any contributory
or funded pension plan shall also obtain and retain membership in
the state retirement system.
C.
No retirement pension benefits shall be payable to
any person retiring after December 26, 1973, until the City employee
or official who is eligible for such benefits has terminated his or
her employment with the City and is no longer receiving remuneration
from City funds. This section shall not apply to appointed officials
who receive remuneration of not more than $1,000 per annum, nor shall
it apply to elected officials.[1]
[1]
Editor's Note: See document at end of chapter.
A.
All municipal pensions for employees granted and approved
prior to August 14, 1973, and in full force and effect as of that
date, shall be continued when approved annually in accordance with
the provisions of the present laws governing the granting and payment
of the same.
B.
No application for a pension made in accordance with
the provisions of existing local pension acts shall be considered
or approved if submitted by an employee of the City who is eligible
for membership in the state retirement system and who neglects to
retain membership in such system on or before the expiration date
for such purpose in the act governing the operation of such retirement
system.
