Bill Summary for H 376 (2011-2012)

Summary date: 

Jun 15 2011

Bill Information:

View NCGA Bill Details2011-2012 Session
House Bill 376 (Public) Filed Wednesday, March 16, 2011
TO MAKE TECHNICAL CORRECTIONS TO THE STATUTES GOVERNING THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM AND THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM.
Intro. by McGee

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Bill summary

Senate committee substitute, reported in on 6/14/11, makes the following changes to 2nd edition: (1) amends GS 135-3(8)c1 to provide that the Board may (was, “shall”) assess the employer a penalty of 10% of the compensation of the unreported reemployed beneficiaries, and makes conforming changes to GS 128-24(5)c1.

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