GENERAL ASSEMBLY OF NORTH CAROLINA

1987 SESSION

 

 

CHAPTER 617

HOUSE BILL 593

 

AN ACT TO MORE CLOSELY CONFORM THE REQUIREMENTS FOR THE PURCHASE OF ADDITIONAL SERVICE CREDITS IN THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM WITH THE SAME REQUIREMENTS IN THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM FOR MILITARY SERVICE, OUT-OF-STATE SERVICE, AND THE RESTORATION OF WITHDRAWN CONTRIBUTIONS.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 128-26(a) is amended in the last paragraph by deleting the last sentence.

Sec. 2.  G.S. 128-26(i) and G.S. 128-26(j) are amended by deleting the last sentence of each.

Sec. 3.  Effective January 1, 1988, the last paragraph of G.S. 128-26(a) and of G.S. 128-26(j) are repealed.

Sec. 4.  G.S. 128-26(a), G.S. 128-26(i) and G.S. 128-26(j) are each amended by deleting the phrase "10 years of membership service" or "10 years of current membership service" wherever they appear and substituting the phrase "10 years of prior and current membership service".

Sec. 5.  The provisions of this act are effective July 1, 1987, unless otherwise stated.  For the purposes of Section 3 of this act, members of the Retirement System who are members before January 1, 1988, shall retain all rights and privileges to purchase military and out-of-state service credits under the same conditions that existed prior to the effective date of that section.

In the General Assembly read three times and ratified this the 14th day of July, 1987.