Senate committee substitute makes the following changes to 3rd edition.
Proposed GS 115C-341.2 allows the Department of State Treasurer to establish a third-party vendor to make retirement offerings as described in section 403(b) of the Internal Revenue Code and provides that eligible employees of local boards of education must be allowed to use this third-party vendor for the tax-deferred 403(b) option of their choice. The Senate committee substitute deletes language prohibiting participating local school employers or those employers' vendors from interfering with the employees' rights to make this selection.