GENERAL ASSEMBLY OF NORTH CAROLINA
1991 SESSION
CHAPTER 51
The General Assembly of North Carolina enacts:
Section 1. G.S. 128-21(7a) reads as rewritten:
"(7a) 'Compensation' shall mean all
salaries and wages, wages prior to any reduction pursuant to sections
125, 401(k), 403(b), 414(h)(2), and 457 of the Internal Revenue Code, not
including any terminal payments for unused sick leave, derived from public
funds which are earned by a member of the Retirement System for service as an
employee in the unit of the Retirement System for which he is performing
full-time work. 'Compensation' shall not include any payment, as
determined by the Board of Trustees, for the reimbursement of expenses or
payments for housing or any other allowances whether or not classified as
salary and wages."
Sec. 2. G.S. 135-1(7a) reads as rewritten:
"(7a) 'Compensation' shall mean all
salaries and wages, wages prior to any reduction pursuant to sections
125, 401(k), 403(b), 414(h)(2), and 457 of the Internal Revenue Code, not
including any terminal payments for unused sick leave, derived from public
funds which are earned by a member of the Retirement System for service as an
employee or teacher in the unit of the Retirement System for which he is
performing full-time work. 'Compensation' shall not include any payment, as
determined by the Board of Trustees, for the reimbursement of expenses or
payments for housing or any other allowances whether or not classified as
salary and wages."
Sec. 3. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 23rd day of April, 1991.
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James C. Gardner
President of the Senate
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Daniel Blue, Jr.
Speaker of the House of Representatives