Bill Summary for H 583 (2021-2022)

Summary date: 

Apr 15 2021

Bill Information:

View NCGA Bill Details2021
House Bill 583 (Public) Filed Thursday, April 15, 2021
AN ACT PROVIDING ONE-TIME COST-OF-LIVING SUPPLEMENTS FOR RETIREES OF THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM.
Intro. by Hardister, Pickett, Paré, Adcock.

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Bill summary

Amends GS 128-27 (local government retirement system benefits) to add Subsection (hhh) giving a one-time 2% cost of living supplement to or on account of beneficiaries living as of September 1, 2021, and for those retiring on or before that date. Effective July 1, 2021.

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