Bill Summary for H 616 (2015-2016)
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Summary date:
Apr 9 2015
Bill Information:
View NCGA Bill Details | 2015-2016 Session |
AN ACT TO PROVIDE COST-OF-LIVING INCREASES FOR MEMBERS OF THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM.Intro. by McNeill.
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Bill summary
Amends GS 128-27, concerning retirement benefits for county, city, and town employees, adding new subsections (hhh) through (lll) which provide for cost-of-living increases depending on the retirement date of the individual, as specified.
Provides that the cost-of-living increases as provided above represent increases already provided by the Board of Trustees to members of the Local Government Employee's Retirement System.
Effective July 1, 2015.