Amends GS 135-4(v) and GS 128-26, as the title indicates; requires payment when the omitted membership service was discovered three or more years after the omission and the employer has acknowledged they caused the error. Applies to erroneously omitted membership services discovered on or after July 1, 2022.
EMPLOYER PAYMENTS FOR OMITTED MEMBERSHIP SVC.
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| View NCGA Bill Details | 2021 |
AN ACT REQUIRING AN EMPLOYER PARTICIPATING IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM OR THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM TO PAY THE FULL COST FOR OMITTED MEMBERSHIP SERVICE WHEN THE OMISSION IS DUE TO AN EMPLOYER ERROR.Intro. by Torbett.
Status: Ref to the Com on Pensions and Retirement, if favorable, Rules, Calendar, and Operations of the House (House action) (May 27 2022)
H 1084
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Bill H 1084 (2021-2022)Summary date: May 26 2022 - View Summary
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