N.H. Code Admin. R. Ret 308.11
Direct Payment
Effective Jan 9, 2019#5324, eff 2-5-92 (from Ret 307.04), EXPIRED: 2-5-98 New. #7375, INTERIM, eff 10-13-00, EXPIRES: 4-11-01; ss by #7478, eff 4-10-01; ss by #7573, eff 10-10-01, EXPIRED: 10-10-09 New. #9562, eff 10-14-09, EXPIRED: 10-14-17 New. #12511, INTERIM, eff 4-11-18, EXPIRED: 10-8-18 New. #12707, eff 1-9-19Board of Trustees of the N.H. Retirement System
A direct payment made pursuant to Ret 308.10(a) shall be in the form of:
- (a) An immediate lump sum payment to the eligible employee, if the eligible employee, upon receipt of the prior service credit for which he or she had been found eligible, would be eligible for present or vested future retirement benefits pursuant to RSA 100-A:10; or
- (b) A lump sum payment held in an employer provided escrow account, if the eligible employee is in service with the employer and does not qualify for immediate payment as provided in (a) above.
Source. #5324, eff 2-5-92 (from Ret 307.04), EXPIRED: 2-5-98 New. #7375, INTERIM, eff 10-13-00, EXPIRES: 4-11-01; ss by #7478, eff 4-10-01; ss by #7573, eff 10-10-01, EXPIRED: 10-10-09 New. #9562, eff 10-14-09, EXPIRED: 10-14-17 New. #12511, INTERIM, eff 4-11-18, EXPIRED: 10-8-18 New. #12707, eff 1-9-19