If an installment payment or additional assessment remains delinquent, in whole or in part, for a period of more than 90 days, the eligible employee's petition for employer enrollment oversight prior service credit shall be in default and ruled to be withdrawn with prejudice. In the case of such default, with prejudice, the eligible employee shall receive a lump-sum return of all prior service credit payments made prior to withdrawal and the employer shall receive a lump-sum return of the prior service credit payment made on behalf of such eligible employee. Interest, at the same rate as then paid on eligible employee accounts, shall be paid on such lump-sum returns from the date of payment to the date of return.
N.H. Admin. Code § Ret 308.05
#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