reglab/statecodes huggingface dataset:
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0300 - BENEFICIARIES › Section 02B .0308 - SPECIAL RULE: BENEFICIARY BEFORE JULY 1, 1967

Current through Register Vol. 39, No. 2, July 15, 2024
In the event of the death of a person who became a member
					 before July 1, 1967, the return of a member's contributions shall be paid to
					 such person as the member intended to receive the return of contributions and
					 whom the member designated as beneficiary for the death benefit as if the
					 member had designated such person for the return of contributions if all of the
					 following conditions are met:
(1) the
				  member had designated one person for the death benefit at a time when there
				  were separate forms for designation of beneficiary for return of contributions
				  and designation of beneficiary for the death benefit;
(2) the person designated as beneficiary for
				  the death benefit is living at the time of the member's death;
(3) any previously designated beneficiary for
				  the return of contributions who is living at the time of the member's death or,
				  if such previously designated beneficiary dies between the time of the member's
				  death and the time of determination of payment of the return of accumulated
				  contributions, the legatee or legatees, heirs at law, successors, or assigns of
				  such beneficiary, waives all claims to or interest in the return of the
				  member's contributions;
(4) the
				  member did not designate any other person for the return of contributions after
				  making a designation of beneficiary for the death benefit; and
(5) clear and convincing evidence is
				  presented to the Division showing that the member thought the member had or
				  intended to have designated for the return of contributions the same person
				  whom the member designated as beneficiary for the death benefit.
In such cases, the beneficiary shall be entitled to receive
					 the survivor's alternate benefit pursuant to
					 G.S.
					 135-5(m) to the same extent
					 that the beneficiary would have been entitled to receive the survivor's
					 alternate benefit under
					 G.S.
					 135-5(m) if the member had
					 actually designated such beneficiary for the return of contributions in a duly
					 executed and filed form for the designation of beneficiary for return of
					 contributions.
Authority
					 G.S.
					 135-5(f);
					 135-5(m);135-6(f);
Eff. October 29, 1979;
Readopted Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0400 - EMPLOYER CONTRIBUTIONS › Section 02B .0401 - REFUNDS

Current through Register Vol. 39, No. 2, July 15, 2024
(a) The Retirement
				  System will make no refunds of employer contributions paid into the pension
				  accumulation fund by the employer in the amount equal to a percentage of the
				  actual compensation of each member in cases of erroneous employee deductions
				  except those which are corrected by the employing unit on a subsequent payroll
				  within the calendar year in which the errors occur.
(b) Notwithstanding Paragraph (a) of this
				  Rule, an error occurring in December may be corrected, and the associated
				  employer contribution be refunded in the form of a credit toward future
				  required employer contributions, by the employer's submission of a revised
				  payroll report for the correct amount before January 31 of the following
				  year.
(c) If an employer makes an
				  additional contribution to the pension accumulation fund as a result of the
				  contribution-based benefit cap and the Retirement System receives information
				  which alters the calculation of the retirement benefit used to determine the
				  contribution under the provisions of
				  G.S.
				  135-8(f)(2)f., any
				  contribution not required based on the new information will be refunded to the
				  employer in the form of a credit toward future required employer
				  contributions.
Authority
					 G.S.
					 135-2;
					 135-6(f);
					 135-8(f);
Eff. February 1, 1976;
Readopted Eff. March 1, 2023; September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0400 - EMPLOYER CONTRIBUTIONS › Section 02B .0402 - FORWARDING OF EMPLOYER CONTRIBUTIONS

Current through Register Vol. 39, No. 2, July 15, 2024
All units shall forward to the Retirement System the
					 employer's contributions monthly at the same time the employee's contributions
					 are forwarded.
Authority
					 G.S.
					 135-6(f);
					 135-8(f);
Eff. February 1, 1976;
Readopted Eff. March 1, 2023; September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0400 - EMPLOYER CONTRIBUTIONS › Section 02B .0403 - REPEALED - CONTRIBUTION RATE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
					 135-6(m);
Eff. September 21, 1977;
Repealed Eff. August 1,
					 1981.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0400 - EMPLOYER CONTRIBUTIONS › Section 02B .0404 - DUE DATE OF CONTRIBUTIONS

Current through Register Vol. 39, No. 2, July 15, 2024
Both the employee and employer contributions are due in the
					 Raleigh office of the Retirement System no later than the fifth State
					 government working day of the month succeeding the month for which the
					 contributions are required. Contributions received after the fifth State
					 government working day of the month are delinquent.
Authority
					 G.S.
					 135-6(f);
					 135-8(f);
Eff. March 1, 1992;
Readopted Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0400 - EMPLOYER CONTRIBUTIONS › Section 02B .0405 - REPEALED - ANTI-PENSION SPIKING CONTRIBUTION-BASED BENEFIT CAP FACTOR (TSERS)

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(jj);
					 135-5(a3);
					 135-6(f);
Eff. March 21, 2019;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0501 - DISABILITY RETIREMENT EXAMINATION

Current through Register Vol. 39, No. 2, July 15, 2024
The Medical Board is authorized to conduct an examination
					 in doubtful cases of disability to determine whether the member continues to be
					 eligible for a disability retirement pursuant to
					 G.S.
					 135-5(c), paying the expense
					 of the same from the Pension Accumulation Fund.
Authority
					 G.S.
					 135-2;
					 135-5(c);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. March 1, 2023; September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0502 - DISABILITY RETIREMENT REPORTS

Current through Register Vol. 39, No. 2, July 15, 2024
When the Medical Board, subsequent to a disability
					 retirement, reports that the retired member is engaged in or is able to engage
					 in a gainful occupation, any adjustment required by
					 G.S.
					 135-5(e)(1) will be made
					 prospectively only and will not require any refund to the State of payments
					 made during the period before a report is made indicating changed
					 status.
Authority
					 G.S.
					 135-5(e)(1);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. March 1, 2023; September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0503 - REPEALED - FEES: INDEPENDENT MEDICAL EXAMS DISABILITY RETIREMENTS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
					 135-6(k);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Amended Eff. August 1, 1981;
Repealed Eff. March
					 1, 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0504 - INTEREST CREDITS

Current through Register Vol. 39, No. 2, July 15, 2024
When members on disability retirement are reinstated to
					 active service, no interest shall be allowed on their accounts during the year
					 of reinstatement.
Authority
					 G.S.
					 135-6(f);
Eff.
					 February 1, 1976;
Readopted Eff. March 1, 2023; September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0505-.0507

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
Eff.
					 February 1, 1976;
Readopted Eff. September 21, 1977;
Repealed Eff. March 1, 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0508 - EXPIRED - FAILURE TO RESPOND

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-5(a)(1);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977.
Pursuant to
					 G.S.
					 150B-33(b)(9),
					 Administrative Law Judge Melissa Owens Lassiter declared Rule
					 20 NCAC
					 02B .0508 void as applied in Burton L.
					 Russell v. Department of State Treasurer, Retirement Systems Division (03 DST
					 1715);
Expired Eff. November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0509 - REPEALED - RETIREMENT ALLOWANCE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-18.1;
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. December 1,
					 1981.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0500 - TYPES OF RETIREMENT › Section 02B .0510 - PENSIONS

Current through Register Vol. 39, No. 2, July 15, 2024
Payment of a full month's benefit shall be made for the
					 month in which death occurs, regardless of the date, with no further benefits
					 to be paid thereafter.
Authority
					 G.S.
					 135-6(f);
Eff.
					 February 1, 1976;
Readopted Eff. March 1, 2023; September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0600 - INVESTMENTS › Section 02B .0601-.0603

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-7.2;
					 135-6(f);
Eff. February 1, 1976;
Repealed Eff. September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0700 - LEAVES OF ABSENCE › Section 02B .0701 - EDUCATIONAL LEAVES OF ABSENCE

Current through Register Vol. 39, No. 2, July 15, 2024
(a) For
				  the purposes of
				  G.S.
				  135-8(b)(5), "stipend" shall
				  mean a fixed sum of money paid periodically for services and to defray the cost
				  of travel, housing, meals, or other expenses resulting from participation in a
				  full-time degree program.
(b) If
				  the employer makes the monthly employer contribution equal to the normal and
				  accrued liability contribution, the employer shall submit the total employer
				  payment to the Retirement System.
(c) If the member makes the entire payment,
				  the member shall submit the total employer and employee contribution to the
				  Retirement System.
(d) A member,
				  who is currently making contributions to purchase service for an educational
				  leave of absence, and whose position before the leave of absence was paid on a
				  less than 12-month basis, shall make the payment in the month after the
				  regularly scheduled due date for payment of salary and shall earn service
				  credits for the contributions in the same manner the member would if the member
				  was currently being employed in that last position.
Authority
					 G.S.
					 135-6(f);
					 135-8(b)(5);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Amended Eff. March 1, 1982;
Readopted Eff. March
					 1, 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0700 - LEAVES OF ABSENCE › Section 02B .0702-.0705

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-8(b)(5);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. March 1,
					 1982.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0700 - LEAVES OF ABSENCE › Section 02B .0706 - WORKERS' COMPENSATION LEAVES OF ABSENCE

Current through Register Vol. 39, No. 2, July 15, 2024
(a)
				  Purchases of creditable service for leaves of absence prior to July 1, 1983
				  shall be made in the same manner as prescribed in
				  20 NCAC
				  02B .1200, as then effective.
(b) Purchases of creditable service for
				  leaves of absence on and after July 1, 1983 shall be paid in the manner
				  prescribed in law equal to the sum of the total employer and employee
				  percentage rates of contribution in effect at the time of purchase multiplied
				  by the annual rate of compensation of the member immediately prior to the leave
				  of absence applied to the period of the leave commencing on the first day and
				  ending on the last day before return to service.
(c) Members who had leaves of absence which
				  otherwise met all requirements of law for purchase as creditable service except
				  that the leaves of absence interrupted membership in the Local Governmental
				  Employees' Retirement System or the Law Enforcement Officers' Retirement System
				  and whose membership service before and after the leaves of absence has become
				  membership service in the Teachers' and State Employees' Retirement System, may
				  purchase creditable service as in Paragraph (b) of this Rule.
(d) Members may purchase creditable service
				  for leaves of absence only when they have membership service credits
				  immediately prior to and immediately after the leaves of absence and such
				  membership service is creditable service at the time of purchase.
Authority
					 G.S.
					 135-4(r);
					 135-6(f);
Eff. December 1, 1983;
Amended Eff. August 1, 1988;
Readopted Eff. March 1, 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0801 - REPEALED - FEE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(f)(6);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0802 - QUALIFYING FOR CREDIT

Current through Register Vol. 39, No. 2, July 15, 2024
In order to qualify, each individual must pay for the full
					 period of military service for which the member is eligible.
Authority
					 G.S.
					 135-4(f)(6);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977;
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0803 - COMPUTATION OF COST

Current through Register Vol. 39, No. 2, July 15, 2024
The cost of purchasing credit for military service is
					 calculated as follows:
(1) 1/12 of the
				  annualized rate of compensation the member earned when the member first entered
				  membership; multiplied by
(2) the
				  employee contribution rate at that time; multiplied by
(3) the number of months of military service
				  for which credit is to be purchased; plus
(4) a factor equivalent to interest at the
				  rate of six and one-half percent, compounded annually, from the initial year of
				  membership to the year of payment.
Authority
					 G.S.
					 135-4(f);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted
					 September 21, 1977;
Amended Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0804 - CIVIL SERVICE PARTICIPATION

Current through Register Vol. 39, No. 2, July 15, 2024
A member of the Teachers' and State Employees' Retirement
					 System whose employment in this State requires the member to participate in the
					 Federal Civil Service Program in lieu of the Social Security program shall not
					 be barred from receiving military service credit for which the member is
					 otherwise eligible in the Retirement System, despite the fact that the member
					 may also receive credit under the Federal Civil Service Program for the same
					 period of military service, provided that the member makes the required
					 payment.
Authority
					 G.S.
					 135-4(f)(6);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0805 - SERVICE CONNECTED DISABILITY

Current through Register Vol. 39, No. 2, July 15, 2024
The exclusion for purchase of service in the Armed Forces
					 of the United States as it pertains to credit in any other retirement system
					 shall not include "service connected disability" benefits received from the
					 Veteran's Administration of the Federal Government except when such benefits
					 are a supplement of a military longevity retirement ("retired pay") benefit.
					 The term "service connected disability" has the same meaning as used in Title
					 38, Chapter 11 of the United States Code which is hereby incorporated by
					 reference, including subsequent additions and amendments, and is available
					 online, at no cost, at
https://uscode.house.gov/browse/prelim@title38/part2&edition=prelim
.
					 The term "retired pay" has the same meaning as used in Title 10, Chapter 71 of
					 the United States Code which is hereby incorporated by reference, including
					 subsequent additions and amendments, and is available online, at no cost, at
https://uscode.house.gov/browse/prelim@title10/subtitleA/part2/chapter71&edition=prelim
.
Authority
					 G.S.
					 135-4(f)(6);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0806 - RECALCULATION OF BENEFITS

Current through Register Vol. 39, No. 2, July 15, 2024
For members already retired who purchase service under
					 G.S.
					 135-4(f)(6), any
					 recalculation of benefits shall be based on the law in effect at the time of
					 the individual's retirement. The calculation of both the benefit and the cost
					 of the credit shall include the effects of the additional service credit
					 resulting from the purchase and all benefit increases subsequent to the date of
					 retirement.
Authority
					 G.S.
					 135-4(f)(6);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0807 - CHANGE IN BENEFITS

Current through Register Vol. 39, No. 2, July 15, 2024
For members already retired, any change in benefits
					 resulting from the purchase of credit pursuant to this Section shall become
					 effective as of the first of the month following receipt of the required
					 payment.
Authority
					 G.S.
					 135-4(f)(6);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0808-.0809

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(f)(6);
					 135-6(f);
Eff. February 1, 1976;
Readopted September 21, 1977;
Repealed Eff. March 1, 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0810 - RESTORING MEMBERSHIP

Current through Register Vol. 39, No. 2, July 15, 2024
When a member on military leave has withdrawn all of the
					 member's contributions, the member shall be permitted to pay back the amount
					 withdrawn, to the extent permitted by law, restore membership, and receive
					 credit for the associated period of military leave.
Authority
					 G.S.
					 135-4(f);
					 135-4(k1);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0800 - MILITARY SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0811 - EXPIRED - INITIAL PERIOD OF ACTIVE DUTY

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(f);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Expired Eff. November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0901 - REPEALED - FEE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(l);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0902 - QUALIFYING FOR CREDIT

Current through Register Vol. 39, No. 2, July 15, 2024
In order to qualify for out-of-state service credit, each
					 individual must pay for all or such portion of the member's out-of-state
					 service period in full years as the member desires of out-of-state service for
					 which the member is eligible.
Authority
					 G.S.
					 135-4(l);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0903 - DEFINITION

Current through Register Vol. 39, No. 2, July 15, 2024
"Other governmental subdivision of the United States," as
					 used in G.S. 135-4(l),
					 means a state or territory and its subdivisions but not the United States
					 government, except as specifically provided by statute.
Authority
					 G.S.
					 135-4(l);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0904 - COMPUTATION OF COST

Current through Register Vol. 39, No. 2, July 15, 2024
The cost of purchasing credit for out-of-state service is
					 calculated as follows:
(1) the monthly
				  compensation the member earned when the member first entered membership;
				  multiplied by
(2) the employee
				  contribution rate at that time; multiplied by
(3) the number of months of out-of-state
				  service for which credit is to be purchased; multiplied by
(4) two; plus
(5) a factor equivalent to interest at the
				  rate of six and one-half percent, compounded annually, from the initial year of
				  membership to the year of payment.
Authority
					 G.S.
					 135-4(l);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0905 - RECALCULATION OF BENEFITS

Current through Register Vol. 39, No. 2, July 15, 2024
For members already retired who purchase service under
					 G.S.
					 135-4(l), as repealed by
					 Session Law 1981-636, s. 1, where the text of the repealed statutory provision
					 may be found in the Editor's Note to
					 G.S.
					 135-4 in the 2021 Edition of the General
					 Statutes of North Carolina, any recalculation of benefits shall be based on the
					 law in effect at the time of the individual's retirement. The calculation of
					 both the benefit and the cost of the credit shall include the effects of the
					 additional service credit resulting from the purchase and all benefit increases
					 subsequent to the date of retirement.
Authority
					 G.S.
					 135-4(l);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0906 - CHANGE IN BENEFITS

Current through Register Vol. 39, No. 2, July 15, 2024
For members already retired, any change in benefits
					 resulting from the provisions for out-of-state service shall become effective
					 as of the first of the month following receipt of the required
					 payment.
Authority
					 G.S.
					 135-4(l);
					 135-6(f); S.L.
					 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff.
					 March 1, 2023; September 21, 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0907 - REPEALED - COST TO EMPLOYER

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(l);
					 135-6(f);
Eff. February 1, 1976;
Repealed Eff. September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY) › Section 02B .0908 - REPEALED - PAYMENTS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(l);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. March 1,
					 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1000 - PRIOR SERVICE › Section 02B .1001 - EXPIRED - PUBLIC SCHOOL TEACHERS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4;
Eff. February 1,
					 1976;
Readopted Eff. September 21, 1977;
Expired Eff.
					 November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1000 - PRIOR SERVICE › Section 02B .1002 - REPEALED - SERVICE UNDER WPA

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4;
Eff. February 1,
					 1976;
Readopted Eff. September 21, 1977;
Repealed Eff.
					 March 1, 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1000 - PRIOR SERVICE › Section 02B .1003 - REPEALED - PRIOR SERVICE WITH GENERAL ASSEMBLY

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(j1);
					 135-6(f);
Eff. October 29, 1979;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1000 - PRIOR SERVICE › Section 02B .1004 - TEMPORARY SERVICE PURCHASE (INCHOATE RIGHTS ONLY)

Current through Register Vol. 39, No. 2, July 15, 2024
(a) A
				  member eligible under
				  G.S.
				  135-4(p) to purchase service
				  for temporary State employment shall apply for the purchase. Employer
				  certification of temporary State employment and the compensation received for
				  such service shall accompany the application. The application shall include:
				  the member's Member Identification Number; last employer under the Retirement
				  System; and the member's signature and signature date. For each temporary
				  position for which the member desires to purchase credit, the application shall
				  identify the government employer, position title, start date, end date, and the
				  member's last name while working in the position. The employer' s certification
				  shall include the position title, start and end date of the eligible period,
				  number of months in the annual contract to perform services, beginning and
				  ending months of the annual contract period for retirement service purposes,
				  and the name, position, employer, email address, telephone number, signature,
				  and signature date of the employer contact certifying the
				  information.
(b) Temporary State
				  employment means employment under which the member would have been
				  unconditionally required to make contributions at the time of employment if not
				  classified at the time of employment as a "temporary" employee.
(c) The employer cost, shall be equal to the
				  total employee and employer rates of contribution at the member's level of
				  compensation at the time of purchase and for the period of service being
				  purchased, less the required member contribution.
Authority
					 G.S.
					 135-4(p);
					 135-6(f); S.L.
					 2020-29;
Eff. March 1, 1982;
Amended Eff. March 1,
					 1985; September 1, 1982;
Readopted Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1000 - PRIOR SERVICE › Section 02B .1005 - REPEALED - TEMPORARY SERVICE PURCHASE: FULL ACTUARIAL LIABILITY

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(s);
					 135-6(f);
Eff. December 1, 1983;
Amended Eff. August 1, 1988; September 1,
					 1984;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1000 - PRIOR SERVICE › Section 02B .1006 - PART TIME SERVICE PURCHASE: FULL ACTUARIAL LIABILITY

Current through Register Vol. 39, No. 2, July 15, 2024
"Part-time" as used in
					 G.S.
					 135-4(p2) means duties
					 performed on less than a full-time basis as classified by the
					 employer.
Authority
					 G.S.
					 135-4(p2);
					 135-6(f);
Eff. March 1, 1985;
Readopted Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1000 - PRIOR SERVICE › Section 02B .1007 - REPEALED - LOCAL GOVERNMENT SERVICE PURCHASE: FULL ACTUARIAL LIABILITY

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(t);
					 135-6(f);
Eff. March 1, 1985;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1100 - VOLUNTARILY WITHDRAWN CONTRIBUTIONS › Section 02B .1101-.1102

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(k);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1100 - VOLUNTARILY WITHDRAWN CONTRIBUTIONS › Section 02B .1103 - EXPIRED - COMPUTATION OF COST

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(k);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Amended Eff. June 1, 1984;
Expired Eff. November
					 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1100 - VOLUNTARILY WITHDRAWN CONTRIBUTIONS › Section 02B .1104 - REPEALED - RECALCULATION OF BENEFITS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(k);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. March 1,
					 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1100 - VOLUNTARILY WITHDRAWN CONTRIBUTIONS › Section 02B .1105 - EXPIRED - CHANGE IN BENEFITS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(k);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Expired Eff. November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1100 - VOLUNTARILY WITHDRAWN CONTRIBUTIONS › Section 02B .1106-.1107

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(m);
					 135-6(f);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Repealed Eff. March 1,
					 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1100 - VOLUNTARILY WITHDRAWN CONTRIBUTIONS › Section 02B .1108 - EXPIRED - WILDLIFE PROTECTORS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
Eff.
					 March 1, 1985;
Expired Eff. November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1200 - DELAYED PURCHASE OF SERVICE CREDITS › Section 02B .1201 - EXPIRED - APPLICATION OF SECTION

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
Eff.
					 October 29, 1979;
Amended Eff. March 1, 1985;
Expired
					 Eff. November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1200 - DELAYED PURCHASE OF SERVICE CREDITS › Section 02B .1202 - REPEALED - ACTUARIAL TABLES

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
Eff.
					 October 29, 1979;
Repealed Eff. August 1,
					 1981.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1200 - DELAYED PURCHASE OF SERVICE CREDITS › Section 02B .1203 - REPEALED - APPLICABILITY OF OTHER SECTIONS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
Eff.
					 October 29, 1979;
Repealed Eff. March 1,
					 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1200 - DELAYED PURCHASE OF SERVICE CREDITS › Section 02B .1206 - REPEALED - SERVICE AS COURT REPORTER

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-6(f);
Eff.
					 October 29, 1979;
Repealed Eff. March 1,
					 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM › Section .1200 - DELAYED PURCHASE OF SERVICE CREDITS › Section 02B .1207 - REPEALED - SPECIAL RULE FOR RETIRED APPLICANTS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 135-4(m);
					 135-6(f);
Eff. March 1, 1982;
Amended Eff. March 1, 1985;
Repealed Eff. March 1, 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0100 - GENERAL PROVISIONS › Section 02C .0101 - GENERAL INFORMATION

Current through Register Vol. 39, No. 2, July 15, 2024
General information about the Local Governmental Employees'
					 Retirement System includes the following:
(1) The Director is the Director of the
				  Retirement Systems Division;
(2)
				  The mailing address and physical address is Retirement Systems Division, 3200
				  Atlantic Avenue, Raleigh, North Carolina 27604.
Authority
					 G.S.
					 128-28(g);
Eff.
					 February 1, 1976;
Readopted Eff. September 21, 1977;
Pursuant to
					 G.S.
					 150B-21.3A, rule is necessary without
					 substantive public interest Eff. October 21, 2018;
Amended Eff.
					 March 1, 2023; September 1, 2019.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0100 - GENERAL PROVISIONS › Section 02C .0102-.0103

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 128-28(g);
					 150A-10;
Eff.
					 February 1, 1976;
Readopted Eff. September 21, 1977;
Repealed Eff. March 1, 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0201 - REPEALED - ACTUARIAL TABLES: RATES AND ASSUMPTIONS

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 128-27(m);
					 128-28(g);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977;
Amended Eff. August 1, 1981;
Repealed Eff. March
					 1, 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0202 - DEATH OF RETIRED MEMBER

Current through Register Vol. 39, No. 2, July 15, 2024
During the month a retired member dies, the legal
					 representative of the deceased shall be entitled to a full check for the month
					 in which death occurred.
Authority
					 G.S.
					 128-27(m);
					 128-28(g);
Eff. February 1, 1976;
Readopted Eff. September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0203 - EXPIRED - DISCLOSURE OF INFORMATION

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 128-28(g);
Eff.
					 February 1, 1976;
Readopted Eff. September 21, 1977;
Amended Eff. March 1, 1985;
Expired Eff. November 1, 2018 pursuant
					 to G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0204 - REPEALED - FACILITY OF PAYMENT

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 128-28(g);
Eff.
					 February 1, 1976;
Readopted Eff. September 21, 1977;
Repealed Eff. March 1, 2023.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0205 - MEDICAL BOARD

Current through Register Vol. 39, No. 2, July 15, 2024
In accordance with the authority contained in
					 G.S.
					 128-28(l), membership of the
					 Medical Board consists of five physicians, with a quorum of three required at
					 meetings approving applications for disability retirement.
Authority
					 G.S.
					 128-28(1);
Eff.
					 February 1, 1976;
Readopted Eff. March 1, 2023; September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0206 - EXPIRED - SURVIVOR'S ALTERNATE BENEFIT

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 128-28(a);
Eff.
					 February 1, 1976;
Readopted Eff. September 21, 1977;
Expired Eff. November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0207 - REPEALED - DIRECTOR

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 128-28(a);
Eff.
					 February 1, 1976;
Repealed Eff. September 21,
					 1977.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0208 - REPEALED - TRANSFER OF MEMBERSHIP

Current through Register Vol. 39, No. 2, July 15, 2024
Filed as an Emergency
					 Regulation Eff. October 29, 1979, to be Eff. for a Period of 90
					 Days
to Expire on January 27, 1980;
Statutory Authority
					 G.S.
					 128-28(g);
Repealed Eff. March 1, 1985.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0209 - EXPIRED - RETROACTIVE MEMBERSHIP SERVICE

Current through Register Vol. 39, No. 2, July 15, 2024
Authority
					 G.S.
					 128-24(1);
					 128-28(g);
Eff. June 1, 1984;
Expired Eff. November 1, 2018 pursuant to
					 G.S.
					 150B-21.3A.
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0210 - DEFINITIONS

Current through Register Vol. 39, No. 2, July 15, 2024
(a)
				  "Surety" means a written agreement, constituting both a resolution and an
				  "acknowledgement and acceptance letter" as described in Rule .0211 of this
				  Section, given for the fulfillment and guarantee of the withdrawal payment to
				  cease participation in the Retirement System under G.S. 128-30(i).
(b) "Estimated Withdrawal Liability" means
				  the withdrawal liability under the terms of G.S. 128-30(i) estimated by the
				  Division's consulting actuary. The estimate shall be prepared under the
				  assumption that the participating employer will cease participation 10 years
				  after initial participation.
(c)
				  "Non-taxing authority" ("NTA") means as an otherwise eligible employer that is
				  not a taxing unit, as defined by G.S. 105-273(16).
North Carolina Administrative Code › Title 20 - STATE TREASURER › Chapter 02 - RETIREMENT SYSTEMS › Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM › Section .0200 - ADMINISTRATION › Section 02C .0211 - SURETY FOR NON-TAXING AUTHORITY PARTICIPATION

Current through Register Vol. 39, No. 2, July 15, 2024
(a) An NTA shall
				  provide surety to the Board establishing any withdrawal liability the NTA may
				  incur will be paid by submitting a resolution adopted by the NTA's governing
				  body stating the NTA is maintaining an amount equal to or greater than the
				  Estimated Withdrawal Liability in a secure financial instrument and will
				  maintain the funds in such an instrument, including any other secure financial
				  instrument, throughout its participation in the Retirement System. A secure
				  financial instrument may include: an escrow account, a letter of credit, a
				  bond, a deed of trust, or a deposit in the Ancillary Governmental Participant
				  Investment Program (AGPIP) under G.S. 147-69.3 to the extent such an investment
				  by the NTA is permitted by the Internal Revenue Code and State law.
(b) Any NTA submitting a resolution required
				  under Paragraph (a) of this Rule must also submit to the Division an
				  "acknowledgement and acceptance letter" signed by a person or persons
				  authorized to act on behalf of the NTA. The letter must acknowledge the
				  specific amount of the Estimated Withdrawal Liability; acknowledge that the
				  actual amount of the withdrawal liability, if incurred, will differ from the
				  Estimated Withdrawal Liability; accept the obligation to pay the actual
				  withdrawal liability, if incurred; and attest that the entity has reviewed the
				  withdrawal-related requirements of G.S. 128-30(i).