CHARTER SCHOOL TSERS ELECTION.

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View NCGA Bill Details2017-2018 Session
House Bill 159 (Public) Filed Tuesday, February 21, 2017
AN ACT TO EXTEND THE AMOUNT OF TIME A CHARTER SCHOOL HAS TO ELECT TO BECOME A PARTICIPATING EMPLOYER IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM.
Intro. by R. Turner, Williams.

Status: Ch. SL 2017-98 (House Action) (Jul 12 2017)

Bill History:

H 159/S.L. 2017-98

Bill Summaries:

  • Summary date: Jul 14 2017 - View Summary

    AN ACT TO EXTEND THE AMOUNT OF TIME A CHARTER SCHOOL HAS TO ELECT TO BECOME A PARTICIPATING EMPLOYER IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM. Enacted July 12, 2017. Effective August 1, 2017.


  • Summary date: Mar 27 2017 - View Summary

    House amendment #1 amends the proposed language in GS 135-5.3 to make a technical change.


  • Summary date: Feb 21 2017 - View Summary

    Amends GS 135-5.3(b3) to allow a charter school seeking to become a participating employer in the Retirement System for Teachers and State Employees prior to the end of the second year of operation (was, initial year of operation) to be granted provisional entry into the Retirement System for one year. Amends subsection (b4) to provide that a charter school seeking to become a participating employer in the Retirement System after the end of the initial year of operation but before the end of the second year of operation can undergo an actuarial and financial review as required by the Board of Trustees of the Retirement System prior to entry into the Retirement System (previously, was not permissive). Adds new provision to mandate that a charter school seeking to become a participating employer in the Retirement System after the end of the second year of operation undergo an actuarial and financial review as required by the Board of Trustees prior to entry into the Retirement System.

    Effective August 1, 2017.