Bill Summary for S 346 (2013-2014)
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| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO DEFINE CAREER FIREFIGHTER AND CAREER RESCUE SQUAD WORKER ACCRUAL RATES FOR MEMBERS AND BENEFICIARIES OF THE LOCAL GOVERNMENTAL RETIREMENT SYSTEM.Intro. by Hartsell.
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Bill summary
Amends GS 128-21 to add definitions for "career firefighter" and "career rescue squad worker."
Amends GS 128-24(5) concerning the Local Government Employees' Retirement Sytem, toincludecareer firefighters and career rescue squad workers in the deferred earlyretirement allowance and deferred service retirement allowance provisions of this section. Makes conforming changes to GS 128-27(a) regarding service retirement benefits.
Amends GS 128-27(b21) so thatits provisions apply to the service retirement allowance of a member retiring on or after July 1, 2003 but before July 1, 2013 (was, on or after July 1, 2003). Enacts new subsection, (b22) to GS 128-27 regarding the service retirement allowance of a member retiring on or after July 1, 2013. Proposed new subsection (b22) mirrors the same substantive content as subsection (b21) except that it applies to the service retirement allowance of members retiring on or after July 1, 2013 and its provisions are extended toapply to career firefighters, career rescue squad workers and law enforcement officers (subsection b21 applies to law enforcement officers). Also applies to eligible former law enforcement officers, career firefighters, and career rescue squad workers.
Effective July 1, 2013 and applies to persons retiring on or after that date.