House committee substitute makes the following changes to the 1st edition.

Makes a clarifying change to GS 135-8(b)(5).

Amends GS 135-8(f)(3), concerning the Retirement System for Teachers and State Employees, by clarifying that before the Board of Trustees can assess a penalty on an employer in the event the employee or employer contributions required under the statute are not received by the date set by the Board, it must be true that a one-time exception, as provided in GS 135-5(m2), as amended, has not been agreed upon in advance due to exigent circumstances.

Amends GS 128-30(g)(3), concerning the Retirement System for Counties, Cities and Towns, to make the same change as that made to GS 135-8(f)(3), as described above.