GENERAL ASSEMBLY OF NORTH CAROLINA
1987 SESSION
CHAPTER 825
The General Assembly of North Carolina enacts:
Section 1. G.S. 135-4(e) reads as rewritten:
"(e) Creditable service at
retirement on which the retirement allowance of a member shall be based shall
consist of the membership service rendered by him since he last became a
member, and also if he has a prior service certificate which is in full force
and effect, the amount of service certified on his prior service certificate;
and if he has sick leave standing to his credit upon retirement on or after
July 1, 1971, one month of credit for each 20 days or portion thereof not to
exceed one month of credit for each two years of membership service or
fraction thereof 12 days of credit for each year of membership service
or fraction thereof, but sick leave shall not be counted in computing
creditable service for the purpose of determining eligibility for early
retirement, disability retirement or for a vested deferred allowance.
On and after July 1, 1971, a member whose account was closed on account of absence from service under the provisions of G.S. 135-3(3) and who subsequently returns to service for a period of five years, may thereafter repay in a lump sum the amount withdrawn plus regular interest thereon from the date of withdrawal through the year of repayment and thereby increase his creditable service by the amount of creditable service lost when his account was closed.
On and after July 1, 1973, a member whose account in the North Carolina Local Governmental Employees' Retirement System was closed on account of absence from service under the provisions of G.S. 128-24(1a) and who subsequently became or becomes a member of this System with credit for five years of service, may thereafter repay in a lump sum the amount withdrawn from the North Carolina Local Governmental Employees' Retirement System plus regular interest thereon from the date of withdrawal through the year of repayment and thereby increase his creditable service in this System by the amount of creditable service lost when his account was closed.
On or after July 1, 1979, a member who has obtained 60 months of aggregate service, or five years of membership service, as an employee of the North Carolina General Assembly, except legislators, participants in the Legislative Intern Program and pages, may make a lump sum payment together with interest, and an administrative fee for such service, to the Teachers' and State Employees' Retirement System of an amount equal to what he would have contributed had he been a member on his first day of employment.
On and after January 1, 1985, the creditable service of a member who was a member of the Law-Enforcement Officers' Retirement System at the time of the transfer of law-enforcement officers employed by the State from that System to this Retirement System and whose accumulated contributions are transferred from that System to this Retirement System, shall include service that was creditable in the Law-Enforcement Officers' Retirement System; and membership service with that System shall be membership service with this Retirement System; provided, notwithstanding any provision of this Article to the contrary, any inchoate or accrued rights of such a member to purchase creditable service for military service, withdrawn service and prior service under the rules and regulations of the Law-Enforcement Officers' Retirement System shall not be diminished and may be purchased as creditable service with this Retirement System under the same conditions which would have otherwise applied."
Sec. 2. This act shall become effective October 1, 1987, and applies to retirements on and after that date.
In the General Assembly read three times and ratified this the 13th day of August, 1987.