New Hampshire § 103:8 Additional Retirement Allowance

New Hampshire Statutes

§ 103:8 — Additional Retirement Allowance

New Hampshire § 103:8

Title VIPUBLIC OFFICERS AND EMPLOYEES

Ch. 103POLICEMEN'S RETIREMENT SYSTEM

This text of New Hampshire § 103:8 (Additional Retirement Allowance) is published on Counsel Stack Legal Research, covering New Hampshire primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.H. Rev. Stat. Ann. § 103:8 (2026).

Text

In addition to the assessment made on the assessable part of any policeman's annual salary as hereinbefore provided, and subject to the approval of the board and to such rules and regulations as the board may prescribe with respect thereto, any permanent policeman may provide for himself an additional retirement allowance by making special deposits in his individual account. Such special deposits together with interest credited thereon as determined by the board shall be paid to him upon resignation or dismissal from service, or to his estate or his designated beneficiary upon his death before retirement. Upon his retirement for any cause, his accumulated special deposits shall be returnable to him in cash, or, at his election, part or all of such accumulated special deposits may be taken 

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In addition to the assessment made on the assessable part of any policeman's annual salary as hereinbefore provided, and subject to the approval of the board and to such rules and regulations as the board may prescribe with respect thereto, any permanent policeman may provide for himself an additional retirement allowance by making special deposits in his individual account. Such special deposits together with interest credited thereon as determined by the board shall be paid to him upon resignation or dismissal from service, or to his estate or his designated beneficiary upon his death before retirement. Upon his retirement for any cause, his accumulated special deposits shall be returnable to him in cash, or, at his election, part or all of such accumulated special deposits may be taken as a monthly annuity of equivalent actuarial value; provided such annuity together with his regular monthly retirement allowance shall not exceed a sum equal to 1/2 his average monthly salary during the 12-month period preceding his retirement.