AN ACT TO REVISE THE LAWS PERTAINING TO EQUITABLE DISTRIBUTION, AMEND THE LAWS PERTAINING TO PARENTING COORDINATORS, AND TO MAKE VARIOUS CHANGES UNDER THE LAWS PERTAINING TO ADOPTIONS.
Senate committee substitute to the 3rd edition makes the following changes.
Amends GS 135-9(a), applicable to the Retirement System for Teachers and State Employees, and GS 128-31(a), applicable to the Retirement System for Counties, Cities and Towns by adding that the Retirement System must only make payment of a share of the member's retirement benefits to the member's former spouse and on a domestic relations order, and the former spouse is not permitted to receive a share of the member's retirement benefits until the member begins to receive the benefits, consistent with the system-designated template order. Provides that the former spouse is not entitled to any form of benefit or any option not otherwise available to the member. Makes additional clarifying changes.
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