Enacts GS 135-4(k2), concerning the Teachers' and State Employees' Retirement System (TSERS), and GS 128-26(z), concerning the Local Governmental Employees' Retirement System (LGERS), to permit a member of either system who has completed five years of membership service and who has been awarded the Advanced Law Enforcement Certificate by either the NC Criminal Justice Education and Training Standards Commission or the NC Sheriffs' Education and Training Standards Commission, as specified, to purchase up to a total of four years' creditable service at any time on or after receipt of the certificate. Provides for the effect and further parameters of the purchase. Requires lump-sum payment at full cost as specified. Provides for identical purchase provisions by a member of TSERS who has been awarded the Advanced Corrections Certificate by the NC Criminal Justice Education and Training Standards Commission. Effective July 1, 2021.
Bill H 417 (2021-2022)Summary date: Mar 25 2021 - View summary