Bill Summary for H 331 (2015-2016)

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Bill: SHERIFFS' SUPP. PENSION FUND/SICK LEAVE.

Summary date: 

Mar 23 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 331 (Public) Filed Monday, March 23, 2015
AN ACT TO ALLOW UNUSED SICK LEAVE UNDER THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM TO BE APPLIED AS ELIGIBLE SERVICE IN THE SHERIFFS' SUPPLEMENTAL PENSION FUND.
Intro. by Saine, Setzer.

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Bill summary

Enacts new GS 143-166.84(c) concerning eligibility for the Sheriffs' Supplemental Pension Fund, defining eligible service as sheriff as membership service rendered since the person became sheriff. Further provides that unused sick leave in the Local Governmental Employees' Retirement System can be applied as eligible service in the Sheriffs' Supplemental Pension Fund. Sets out exchange rates for transferring the unused leave to eligible service. 

Effective July 1, 2015.