N.H. Admin. Code § Ret 401.02

Current through Register No. 44, October 31, 2024

Section Ret 401.02 - Definitions

The following words and phrases as used in this rule shall have the following meanings:

(a) "Affiliate" means:

(1) Any person directly or indirectly controlling, controlled by, or under common control with such person;

(2) Any officer, director, partner, employee, or relative of a person; or

(3) Any corporation or partnership of which such other person is an officer, director, partner or employee;

(b) "Beneficiary" means any person receiving or entitled to benefits provided by the NHRS;

(c) "Board of trustees" means that board which administers the NHRS and manages its investments in trust pursuant to RSA 100-A:14;

(d) "Code" means the code of ethics in Ret 401;

(e) "Confidential information" means all information concerning the affairs of the NHRS including but not limited to:

(1) Personal information about members and beneficiaries;

(2) Management practices, policies, and procedures;

(3) Information concerning personnel matters; and

(4) Information concerning investments made by NHRS;

(f) "Conflict of interest" means an interest that could influence a person to decide a matter, or provide a recommendation, for any reason other than the best interest of the NHRS, its members and beneficiaries, including conferring a private benefit to any party or entity other than the members and beneficiaries of the NHRS;

(g) "Control" means the power to exercise a controlling influence over management or policies;

(h) "Investment committee" means the independent investment committee established by RSA 100-A:14-b;

(i) "Members" means any person included in the membership of the NHRS pursuant to RSA 100-A;

(j) "Outside service provider" means a person, not an employee or trustee of the NHRS, or a member of the investment committee, who provides discretionary investment services, investment consulting, custodial, financial, actuarial, legal, or other professional services to the board of trustees, the investment committee, or the NHRS pursuant to RSA 100-A:14, V and 100-A:15, IV;

(k) "Relative" means a person's spouse, parent, grandparent, or sibling as well as respective spouses or children of any of the foregoing;

(l) "Staff employee" means any person employed by the NHRS;

(m) "New Hampshire Retirement System" means the agency established pursuant to RSA 100-A; and

(n) "Trustee" means a member of the board of trustees.

N.H. Admin. Code § Ret 401.02

#7478, eff 4-10-01; ss by #9415, INTERIM, eff 4-5-09, EXPIRED: 10-2-09

New. #9595, eff 11-11-09

Amended by Volume XXXVIII Number 19, Filed May 10, 2018, Proposed by #12512, Effective 4/11/2018, Expires 10/8/2028.

Amended by Volume XXXIX Number 06, Filed February 7, 2019, Proposed by #12708, Effective 1/9/2019, Expires 1/9/2029.