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 by the NC Criminal Justice Education and Training Standards Commission or the NC Sheriffs' Education and Training Standards Commission 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.
PURCHASE OPTION/ADVANCED LAW ENFORCEMENT CERT.
|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 ISSUED BY THE NORTH CAROLINA CRIMINAL JUSTICE EDUCATION AND TRAINING STANDARDS COMMISSION OR THE NORTH CAROLINA SHERIFFS' EDUCATION AND TRAINING STANDARDS COMMISSION.Intro. by Lambeth, K. Hall, Wray.
Status: Ref to the Com on Pensions and Retirement, if favorable, Finance, if favorable, Rules, Calendar, and Operations of the House (House action) (Apr 22 2019)
Tue, 16 Apr 2019 House: Filed
Mon, 22 Apr 2019 House: Passed 1st Reading
Bill H 862 (2019-2020)Summary date: Apr 17 2019 - View Summary