Amends GS 135-4 and GS 128-26 concerning omitted membership service under the Teachers' and State Employees' Retirement System and the Local Government Employees' Retirement System. Adds identical provisions to each statute to require an employer to provide written notification of the total hours an employee worked in the preceding 12 months upon request from the employee classified as part-time. Requires the employer to provide a copy of the notification to the Retirement Systems Division upon request. Requires an employer to pay the applicable employer contributions if an employee is found to have been classified as part-time in error and was not eligible to earn membership service due to that error so long as the employee has paid a lump sum equal to the applicable employee contributions within one year of the omission. Effective January 1, 2022, and applies to the purchase of service for work performed on or after January 1, 2021.
RET. SVC. PURCHASE/OMITTED MEMBERSHIP SERVICE.
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View NCGA Bill Details | 2021 |
AN ACT TO ALLOW FOR THE PURCHASE OF CREDITABLE SERVICE IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM AND THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM FOR SERVICE IN A PRIOR YEAR WHEN THAT SERVICE WAS ASSUMED TO BE PART-TIME BUT WAS ACTUALLY FULL-TIME SERVICE.Intro. by Belk, Hurley, Gill, Martin.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (May 12 2021)
Bill History:
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Wed, 24 Mar 2021 House: Filed
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Thu, 25 Mar 2021 House: Passed 1st Reading
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Wed, 14 Apr 2021 House: Reptd Fav
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Wed, 14 Apr 2021 House: Re-ref Com On Pensions and Retirement
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Tue, 27 Apr 2021 House: Reptd Fav
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Tue, 27 Apr 2021 House: Re-ref Com On Rules, Calendar, and Operations of the House
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Tue, 11 May 2021 House: Reptd Fav
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Tue, 11 May 2021 House: Cal Pursuant Rule 36(b)
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Tue, 11 May 2021 House: Placed On Cal For 05/12/2021
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Wed, 12 May 2021 House: Passed 2nd Reading
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Wed, 12 May 2021 House: Passed 3rd Reading
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Wed, 12 May 2021 House: Special Message Sent To Senate
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Wed, 12 May 2021 Senate: Special Message Received From House
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Wed, 12 May 2021 Senate: Passed 1st Reading
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Wed, 12 May 2021 Senate: Ref To Com On Rules and Operations of the Senate
H 392
Bill Summaries:
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Bill H 392 (2021-2022)Summary date: Mar 24 2021 - View Summary
View: All Summaries for Bill