AN ACT TO MAKE TECHNICAL CHANGES TO THE STATUTES AFFECTING THE STATE RETIREMENT SYSTEMS. Enacted August 1, 2014. Section 4 is effective January 1, 2015. The remainder is effective July 1, 2014.
RETIREMENT TECHNICAL CORRECTIONS ACT OF 2014.
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View NCGA Bill Details(link is external) | 2013-2014 Session |
AN ACT TO MAKE TECHNICAL CHANGES TO THE STATUTES AFFECTING THE STATE RETIREMENT SYSTEMS.Intro. by Collins, S. Ross.
Bill History:
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Wed, 21 May 2014 House: Filed(link is external)
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Thu, 22 May 2014 House: Passed 1st Reading(link is external)
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Wed, 4 Jun 2014 House: Reptd Fav Com Substitute(link is external)
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Wed, 4 Jun 2014 House: Re-ref Com On Appropriations(link is external)
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Wed, 4 Jun 2014 House: Withdrawn From Com(link is external)
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Wed, 4 Jun 2014 House: Cal Pursuant Rule 36(b)(link is external)
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Wed, 4 Jun 2014 House: Placed On Cal For 06/05/2014(link is external)
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Thu, 5 Jun 2014 House: Passed 2nd Reading(link is external)
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Thu, 5 Jun 2014 House: Passed 3rd Reading(link is external)
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Fri, 6 Jun 2014 House: Regular Message sent to the Senate(link is external)
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Tue, 10 Jun 2014 Senate: Regular Message Received From House(link is external)
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Tue, 10 Jun 2014 Senate: Passed 1st Reading(link is external)
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Thu, 17 Jul 2014 Senate: Reptd Fav(link is external)
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Thu, 17 Jul 2014 Senate: Re-ref Com On Appropriations/Base Budget(link is external)
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Fri, 25 Jul 2014 Senate: Withdrawn From Com(link is external)
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Fri, 25 Jul 2014 Senate: Placed On Cal For 07/28/2014(link is external)
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Mon, 28 Jul 2014 Senate: Passed 2nd Reading(link is external)
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Mon, 28 Jul 2014 Senate: Passed 3rd Reading(link is external)
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Mon, 28 Jul 2014 Senate: Ordered Enrolled(link is external)
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Tue, 29 Jul 2014 Ratified(link is external)
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Wed, 30 Jul 2014 Pres. To Gov. 7/30/2014(link is external)
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Fri, 1 Aug 2014 Signed by Gov. 8/1/2014(link is external)
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Fri, 1 Aug 2014 Ch. SL 2014-97(link is external)
Bill Summaries:
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Bill H 1193 (2013-2014)Summary date: Aug 1 2014 - View Summary
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Bill H 1193 (2013-2014)Summary date: Jun 4 2014 - View Summary
The House committee substitute to the 1st edition makes the following changes. Amends GS 135-53 to add a definition of consumer price index as used in the Consolidated Judicial Retirement Act.
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Bill H 1193 (2013-2014)Summary date: May 22 2014 - View Summary
Amends GS 58-86-2 to update the definition of inactive member to be a member who has not made timely pyaments under GS 58-86-35 or GS 58-86-40 for two consecutive years (was, not made timely monthly payments under GS 58-86-35 or GS 58-86-40).
Amends GS 135-5(r) to claifry that the provisions concerning the stated monthly benefit paid before the application of any optional benefit applies to persons who began receiving beenfits before January 1, 1970.
Amends GS 135-5(m2) to make technical changes.
Amends GS 128-27(m) to add that a member who became a member of the Supplemental Retirement Income Plan before retirement and who remains a member may make a one-time election to transfer eligible balances from five specifed plans to the Supplemental Retirement Income Plan. Makes conforming changes. Adds that an eligible plan must not assess a fee specifically relating to a transfer of accumulated contributions. Requires each plan, contract, account, or annuity to fully disclose to any member participating in a transfer, contemporaneously with the initiation of the transfer, any surrender charges or other fees.
Amends GS 135-1 and GS 128-21 to add a definition of consumer price index. Amends GS 135-3(8)c., GS 128-24(5)c., GS 135-5(e)(1), GS 128-27(e)(1), and GS 135-60(d) to update references to the increase in amount that may be earned before benefits are suspended, and the amount disability retirement is to be reduced by in specific circumstances, to provide that the changes are to be increased by the percentage change between the December Consumer Price Index in the year before retirement and the December Consumer Price Index in the year most recently ended. Effective January 1, 2015.
Amends GS 135-48.1 to define firefighter as a member of the group "eligible firemen" as defined in GS 58-86-2 (was, GS 58-86-25). Amends GS 128-27(c) to update statutory references to refer to GS 58-86-2 and to make techncial changes.
Amends GS 135-53(16) by amending the definition of retirement for the Judicial Retirement System to provide that in order for a member's retirement to become effective in any month, the member must perform no work in a position covered by the Article (was, no work, including part time, temporary, substitue, or contractor work) at any time during the same month immediately following the effective first day of retirement.
Amends GS 120-4.2 to allow the General Assembly to opt to make annual transfers instead of quarterly transfers of funds to the Department of State Treasurer.
Amends GS 135-103(b)(2) to make technical changes.
Amends GS 143-166.60(e) to make technical changes and to make the language gender neutral.
Effective July 1, 2014, unless otherwise indicated.
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Bill H 1193 (2013-2014)Summary date: May 21 2014 - View Summary
To be summarized.