Bill Summary for S 729 (2023-2024)
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Summary date:
Apr 19 2023
S.L. 2023-48
Bill Information:
| View NCGA Bill Details | 2023-2024 Session |
AN ACT TO AMEND THE ANTI-PENSION SPIKING CONTRIBUTION-BASED BENEFIT CAP LAW FOR SCHOOL SYSTEMS AS BROUGHT FORWARD BY THE WORKING GROUP ESTABLISHED BY S.L. 2021-72 AND TO PROVIDE ADDITIONAL TOOLS TO RESOLVE DISPUTED APPLICATIONS OF THE ANTI-PENSION SPIKING LAWSIntro. by Burgin, Krawiec, Ford.
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Bill summary
Senate committee substitute amends the 1st edition as follows. Regarding the directive for the calculation of additional contributions owed by a school board pursuant to GS 135-8(f)(2) and for which the Teachers' and State Employees' Retirement System sent notice during the litigation pause established by SL 2021-72, more specifically references notices sent by the Retirement System on or after January 1, 2021.