Bill Summary for H 284 (2017-2018)
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Summary date:
Jun 28 2017
Bill Information:
| View NCGA Bill Details | 2017-2018 Session |
AN ACT TO ALLOW LAW ENFORCEMENT OFFICERS WHO ARE MEMBERS OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM OR THE LOCAL GOVERNMENT EMPLOYEES' RETIREMENT SYSTEM TO RETIRE AFTER ACHIEVING TWENTY-FIVE YEARS OF CREDITABLE SERVICE, TO ALLOW FOR SEPARATION BUYOUTS FOR LAW ENFORCEMENT OFFICERS, AND TO ALLOW TRANSFERS UNDER THE SPECIAL RETIREMENT ALLOWANCE TO BE PAID IN WHOLE OR IN PART WITH EMPLOYER CONTRIBUTIONS.Intro. by Murphy, McNeill, Rogers, Malone.
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Bill summary
House committee substitute makes the following change to the 2nd edition.
Modifies proposed amendments to GS 135-5(b19). Makes the calculation of service retirement allowance under current law apply to members who retire before July 1, 2018 (was, January 1, 2018). Makes new provisions in subsection (b21) applicable those retiring on or after July 1, 2018 (was, January 1, 2018).
Makes identical modifications to proposed GS 128-27(b21) and proposed GS 128-27(b22).
Makes Sections 2 and 3 of the bill effective July 1, 2018 (was, January 1, 2018). The rest of the bill remains effective when it becomes law.