Bill Summaries: S680 RETIREMENT PROTECTION ACT.

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  • Summary date: Apr 4 2013 - View Summary

    Amends GS 135-3(8)d. as the title indicates. Allows a retirement beneficiarywho (1) retired on an early or service retirement allowance, (2) returns to service as an employee or a teacher, and (3) earns at least three years of membership service after being restored to service, to count creditable service earned while in receipt of disability benefits under Article 6 of GS Chapter 135 as membership service only for the purpose of determining the member's retirement allowance.

    Effective January 1, 2012, and applies to persons retiring on or after that date.