Bill Summaries: all (2017-2018 Session)

Tracking:
  • Bill H 497 (2017-2018)
    Summary date: Apr 5 2017 - View summary

    House committee substitute makes the following changes to the 1st edition.

    Amends the long title.

    Deletes proposed amendments to GS 128-27 (regarding benefits under the retirement system for counties, cities, and towns).
    Courts/Judiciary, Employment and Retirement, Government, Budget/Appropriations, State Government, State Personnel, Local Government
    APPROP, GS 120, GS 135
  • Bill H 497 (2017-2018)
    Summary date: Mar 28 2017 - View summary

    Amends GS 135-5, concerning retirement benefits for teachers and state employees, adding new subsection (vvv), providing for cost-of-living increases of 2%.

    Amends GS 128-27, concerning retirement benefits for county, city, and town employees, adding new subsections (hhh), (iii), (jjj), (kkk), and (lll), providing for cost-of-living increases of 2.8%, 2.2%, 2.15%, 0.1% and 2% respectively, depending on the employee's date of retirement as specified. Clarifies that the cost-of-living increases provided for in GS 128-27(hhh) through (kkk) represent increases already provided by the Board of Trustees to members of the Local Governmental Employees' Retirement System.

    Amends GS 135-65, concerning retirement benefits for individuals in the consolidated judicial retirement system, adding new subsection (gg), providing for cost-of-living increases of 2%.

    Amends GS 120-4.22A, concerning retirement benefits for members of the legislative retirement system, adding new subsection (aa), providing for cost-of-living increases of 2%. 

    Appropriates $88 million from the General Fund to the Reserve for Retiree Cost-of-Living Adjustments for the 2017-18 fiscal year and $88 million for the 2018-19 fiscal year to implement the cost-of-living adjustment authorized in this act.

    Effective July 1, 2017.
    Courts/Judiciary, Court System, Employment and Retirement, Government, Budget/Appropriations, General Assembly, State Government, State Personnel
    APPROP, GS 120, GS 128, GS 135

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