Bill Summary for H 423 (2015-2016)

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Bill: INCREASE CONTRIBUTORY DEATH BENEFIT.

Summary date: 

Mar 31 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
House Bill 423 (Public) Filed Tuesday, March 31, 2015
AN ACT TO INCREASE THE CONTRIBUTORY DEATH BENEFIT PAYABLE ON BEHALF OF RETIRED MEMBERS OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM, THE LEGISLATIVE RETIREMENT SYSTEM, AND THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM.
Intro. by L. Bell.

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Bill summary

Amends GS 135-5(l), concerning the death benefit plan for the Teacher and State Employee Retirement System; GS 128-27, concerning the death benefit plan for the Local Government Employee Retirement System; GS 120-4.27, concerning the death benefit plan for the Legislative Retirement System; and GS 135-64, concerning the death benefit plan for the Consolidated Judicial Retirement System to set the amount of the death benefit for member deaths occurring on or after July 1, 2015, at $12,000 upon completion of 24 months of contributions.