Amends GS 135-4 (concerning the Teachers' and State Employees' Retirement System) and GS 128-26 (concerning the Local Government Employees' Retirement System) by allowing a a member who has completed at least five years of membership service and who has been awarded the Advanced Law Enforcement Certificate to purchase up to four years' creditable service in one of those retirement systems. Sets out additional requirements for the purchase of service, including that it not be associated with any specific compensation or period of time. Sets out provisions for the calculation of the amount payable.
ADVANCED CERT. SERVICE PURCHASE OPTION/LEOS.
|View NCGA Bill Details||2019-2020 Session|
AN ACT TO ALLOW FOR THE PURCHASE OF UP TO FOUR YEARS' CREDITABLE SERVICE IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM OR THE LOCAL GOVERNMENT EMPLOYEES' RETIREMENT SYSTEM AT FULL COST BY LAW ENFORCEMENT OFFICERS HOLDING AN ADVANCED LAW ENFORCEMENT CERTIFICATE.Intro. by Steinburg.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Feb 26 2019)
Mon, 25 Feb 2019 Senate: Filed
Tue, 26 Feb 2019 Senate: Passed 1st Reading
Tue, 26 Feb 2019 Senate: Ref To Com On Rules and Operations of the Senate
Bill S 129 (2019-2020)Summary date: Feb 25 2019 - View Summary