TO MAKE TECHNICAL CORRECTIONS TO THE STATUTES GOVERNING THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM AND THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM.
Senate committee substitute, reported in on 6/14/11, makes the following changes to 2nd edition: (1) amends GS 135-3(8)c1 to provide that the Board may (was, “shall”) assess the employer a penalty of 10% of the compensation of the unreported reemployed beneficiaries, and makes conforming changes to GS 128-24(5)c1.
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