relative to exceeding part-time employment hourly limits for members of the New Hampshire retirement system.

Summary

The bill changes how the New Hampshire Retirement System penalizes retirees who work more hours than allowed for part‑time employment. Instead of suspending the entire state annuity, the board must calculate excess earnings and reduce the annuity proportionally over a year, with waivers possible for good‑faith errors. Full suspension is limited to willful, repeated violations or failure to respond to system inquiries.

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