NORTH CAROLINA GENERAL ASSEMBLY

1973 SESSION

 

 

CHAPTER 816

SENATE BILL 737

 

 

AN ACT TO AMEND G.S. 135-4, G.S. 135-5(1), G.S. 128-26 AND G.S. 128-27(1) RELATING TO MONTHLY CONTRIBUTIONS TO THE RETIREMENT SYSTEM BY MEMBERS WHO ARE ON LEAVES OF ABSENCE.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 135-4 is hereby amended by adding a new subsection (j) to read as follows:

"(j)       Creditable service at retirement shall include any service rendered by a member while on leave of absence to serve as a member or officer of the General Assembly which is not creditable toward retirement under the Legislative Retirement Fund provided the allowance of such credit shall be contingent upon the cancellation of service credit in the Fund and the transfer of the member's contributions plus accumulated interest from the Fund to this System."

Sec. 2.  G.S. 135-5(1) is hereby amended by adding the following subsection:

"(4)      A member on leave of absence from his position as a teacher or State employee for the purpose of serving as a member or officer of the General Assembly shall be deemed to be in service during sessions of the General Assembly and thereby covered by the provisions of the death benefit. The amount of the death benefit for such member shall be the equivalent of the salary to which the member would have been entitled as a teacher or State employee during the twelve-month period immediately prior to the month in which death occurred, not to exceed $15,000."

Sec. 3.  G.S. 128-26 is hereby amended by adding a new subsection (h) to read as follows:

"(h)       Creditable service at retirement shall include any service rendered by a member while on leave of absence to serve as a member or officer of the General Assembly which is not creditable toward retirement under the Legislative Retirement Fund provided the allowance of such credit shall be contingent upon the cancellation of service credit in the Fund and the transfer of the member's contributions plus accumulated interest from the Fund to this System."

Sec. 4.  G.S. 128-27(1) is hereby amended by adding the following subsection:

"(4)      A member on leave of absence from his position as a local governmental employee for the purpose of serving as a member or officer of the General Assembly shall be deemed to be in service during sessions of the General Assembly and thereby covered by the provisions of the death benefit, if applicable. The amount of the death benefit for such member shall be the equivalent of the salary to which the member would have been entitled as a local governmental employee during the twelve-month period immediately prior to the month in which death occurred, not to exceed $15,000."

Sec. 5.  This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 24th day of May, 1973.