Bill Summary for H 1056 (2017-2018)
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Bill: FAIR 2018.-AB
Summary date:
Jun 14 2018
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO PROMOTE FINANCIAL ACCOUNTABILITY, INTEGRITY, AND RECOVERY OF ASSETS OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE LOCAL GOVERNMENT EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, THE LEGISLATIVE RETIREMENT SYSTEM, THE FIREFIGHTERS AND RESCUE SQUAD WORKERS' PENSION FUND, THE DISABILITY INCOME PLAN, AND THE STATE HEALTH PLAN FOR TEACHERS AND STATE EMPLOYEES.Intro. by Collins, McNeill, Ross, Dulin.
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Bill summary
Senate committee substitute makes the following changes to 2nd edition. Amends GS 135-4.1, changing the hiring date prior to which a member may add credit from various other State-administered retirement systems from July 1, 2021, to January 1, 2021. Amends GS 135-48.46(a), forbidding an employing unit from entering into a settlement agreement with an employee or former employee regarding health benefits covered unless there is written authorization from the Plan's Executive Administrator. Formerly this restriction only applied to settlement agreements as a result of the employing unit's grieving process.