Identical to H 417, filed 3/25/21.
Enacts GS 135-4(k2), concerning the Teachers' and State Employees' Retirement System (TSERS), and GS 128-26(z), concerning the Local Governmental Employees' Retirement System (LGERS), to permit a member of either system who has completed five years of membership service and who has been awarded the Advanced Law Enforcement Certificate by either the NC Criminal Justice Education and Training Standards Commission or the NC Sheriffs' Education and Training Standards Commission, as specified, to purchase up to a total of four years' creditable service at any time on or after receipt of the certificate. Provides for the effect and further parameters of the purchase. Requires lump-sum payment at full cost as specified. Provides for identical purchase provisions by a member of TSERS who has been awarded the Advanced Corrections Certificate by the NC Criminal Justice Education and Training Standards Commission. Effective July 1, 2021.
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AN ACT ALLOWING LAW ENFORCEMENT, PROBATION/PAROLE, AND CORRECTIONAL OFFICERS WHO HOLD AN ADVANCED LAW ENFORCEMENT OR CORRECTIONS CERTIFICATE ISSUED BY THE NORTH CAROLINA CRIMINAL JUSTICE EDUCATION AND TRAINING STANDARDS COMMISSION OR THE ADVANCED LAW ENFORCEMENT CERTIFICATE ISSUED BY THE NORTH CAROLINA SHERIFFS' EDUCATION AND TRAINING STANDARDS COMMISSION TO PURCHASE AT FULL COST UP TO FOUR YEARS' CREDITABLE SERVICE IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM OR THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM.Intro. by Perry, Steinburg, Krawiec.
Status: Ref To Com On Rules and Operations of the Senate (Senate action) (Mar 30 2021)
Bill S 381 (2021-2022)Summary date: Mar 29 2021 - More information