According to the news report, the bill will put the New Hampshire Retirement System on more sturdy ground by:
- Shifting the system to a universally recognized accounting method;
- Setting new limits on the diversion of retirement fund money into a special account; and
- Eliminating a provision that allowed extra compensation to be counted toward retirement benefits.
The legislation will now re-enter the House, because the Senate made some revisions to the original bill.
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