AN ACT TO ENACT THE RETIREMENT ADMINISTRATIVE CHANGES ACT OF 2015.
House committee substitute makes the following changes to the 1st edition.
Amends proposed GS 128-21(10b), the definition for temporary employment, as used in the retirement system for counties, cities and towns, deleting language which included interim city managers in the definition. Makes clarifying changes. Adds new subdivision (10c) to the section, which sets out and defines the key term statutorily-required interim employment, meaning an individual who has been designated by the city council as an interim city manager, for a period not to exceed 12 months.
Deletes all of the proposed changes to Section 11 of the act, consisting of changes to GS 135-5 and GS 128-27, which set the amount of the death benefit for the Retirement System for Teachers and State Employees and the Retirement System for Counties, Cities and Towns at $50,000.
Makes conforming changes to the effective date clause, deleting the effective date for deleted Section 11.