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.