GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2009
SESSION LAW 2010-38
HOUSE BILL 1998
AN ACT to authorize reciprocity for service in the optional retirement program for members of the teachers and state employees retirement system.
The General Assembly of North Carolina enacts:
SECTION 1. G.S. 135-4.1(a) reads as rewritten:
"(a) Only for the
purpose of determining eligibility for benefits accruing under this Article,
creditable service standing to the credit of a member of the Legislative
Retirement System, Consolidated Judicial Retirement System, or the Local
Governmental Employees' Retirement System or service standing to the credit
of a member of the Optional Retirement Program shall be added to the
creditable service standing to the credit of a member of this System; provided,
that in the event a person is a retired member of any of the foregoing
retirement systems, systems or the Optional Retirement Program,
such creditable service standing or service standing to the credit of
the retired member prior to retirement shall be likewise counted. In no
instance shall service credits maintained in the aforementioned retirement
systems or the Optional Retirement Program be added to the creditable
service in this System for application of this System's benefit accrual rate in
computing a service retirement benefit unless specifically authorized by this
Article."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 28th day of June, 2010.
s/ Walter H. Dalton
President of the Senate
s/ Joe Hackney
Speaker of the House of Representatives
s/ Beverly E. Perdue
Governor
Approved 9:22 a.m. this 1st day of July, 2010