Pensions (10)

Date of Last Recorded Action: 7/9/2018

H 0115 EnactedRetirement Technical Corrections Act of 2017.-AB Andy Dulin
7/20/2017 Ch. SL 2017-125 PR RulesOS
Budgeting & Fiscal Control Pensions Personnel

Among other changes to the laws governing the activities of the State Treasurer, reduces the procurement procedures required of governmental units to comply with the 2015 Iran Divestment Act (S.L. 2015-118); clarifies when payout of vacation leave is included in “average final compensation” for participants in the Local Government Employees Retirement System. (version 1)

H 0176 EnactedPensions Integrity Act of 2017.-AB Stephen Ross
7/20/2017 Ch. SL 2017-128 PR RulesOS
Budgeting & Fiscal Control Pensions

Gives independent investigators access to retirement system records for the purposes of reviewing system compliance with state laws. Allows retirees who receive retirement benefits from the Local Government Employees Retirement System to arrange for a portion of those benefits to be paid back to their employer for the purpose of providing health benefits. Requires the Retirement System to notify local government units of employees who will likely trigger the state pension spiking laws within the following year. Prohibits local governments that joined the State Health Plan pursuant to certain laws passed between 2004-2006 from electing to cover retirees in the Plan, if the local government did not make that decision prior to January 1, 2017.  (version 1)

H 0183 EnactedRetirement Admin. Changes Act of 2017.-AB Jeffrey Collins
7/20/2017 Ch. SL 2017-129 PR RulesOS

Makes technical changes to the state’s pension system laws. (version 1)

H 0497 High Jonathan Jordan
4/5/2017 Re-ref Com On Appropriations PR -
Budget Budgeting & Fiscal Control Pensions Personnel

Directs a two percent cost of living increase for all retired participants in state-administered retirement systems, including retired participants in the Local Government Employees Retirement System. (version 1)

H 0977 EnactedAdmin. Changes Ret. System/Treasurer - 2018.-AB Stephen Ross
6/25/2018 Ch. SL 2018-84 PR RulesOS

Among other changes, expands the list of felony offenses that disqualify an elected official from receiving benefits from a state-administered pension system. Grants immunity to members serving on the Local Government Commission for civil liability for monetary damages, with certain exceptions.

H 0985 EnactedRetirement Technical Corrections Act of 2018.-AB Andy Dulin
6/25/2018 Ch. SL 2018-85 PR RulesOS

Makes technical changes to statutes governing state-administered pension systems, including correcting statutory citations, reformatting language, eliminating annual reports, and other technical fixes.

H 1055 MonitorRetirement Complexity Reduction Act of 2018.-AB Jeffrey Collins
6/28/2018 Re-ref Com On Rules, Calendar, and Operations of the House PR -
Budgeting & Fiscal Control Pensions Personnel

Makes clarifications to the current pension-spiking law, including an affirmative statement that the pension-spiking letter required to be submitted by the Office of the State Treasurer to the local governing board of the employing agency is not a public record. Confirms the irrevocability of local government participation in the state health plan.

H 1056 EnactedFAIR 2018.-AB Jeffrey Collins
6/25/2018 Ch. SL 2018-52 PR RulesOS
Pensions Personnel

Makes numerous changes to various laws governing state retirement systems for governmental employees. Among those changes, requires all employing agencies of the state and local retirement systems to garnish wages of employees if monies are owed to the retirement systems or the state health plan. In legal actions in which the State prevails against a participating employer, allows the retirement systems and the state health plan to attach or garnish the employer’s credit card receipts or other third-party payments in the amount owed to the State. Also prevents employees who forfeited prior retirement benefits from purchasing or repurchasing those forfeited benefits.

S 0467 HighNorth Carolina Retirement Reform Wilfred Wells
4/27/2017 Re-ref to Pensions and Retirement and Aging. If fav, re-ref to Rules and Operations of the Senate -RulesOS
Budget Budgeting & Fiscal Control Pensions Personnel
Switches the current retirement system model for all of the statewide pension systems, including LGERS, from a defined benefit system to a defined contribution system. Applies to new hires after July 1, 2018. Sets out procedures by which the governing boards of these systems would set the employee’s contribution rates; how the pension funds will be invested; and how disbursements from the new plans would occur upon an employee’s retirement. Appropriates a total of $300 million in the next two fiscal years for the purpose of increasing the State’s own retirement contributions. Eliminates the retiree medical benefit for new hires after July 1, 2018. (version 1)
S 0729 MonitorAdvanced Cert. Service Purchase Option/LEOs Shirley Randleman
5/23/2018 Ref To Com On Rules and Operations of the Senate -RulesOS
Pensions Personnel

Allows law enforcement officers who (1) hold an advanced law enforcement officer certificate and (2) who have completed five years of membership service in a state-administered retirement system to purchase up to two years of creditable service. Gives details regarding how to calculate the purchase.


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