§ 128-37.2 – Continued membership for certain fire departments.
128-37.2. Continued membership for certain fire departments. (a) In order to participate in the Local Governmental Employees’ Retirement System after October 1, 2015, the charter or articles of incorporation of fire departments must include a provision that provides that the governing body of the local government entity that holds the contract with the highest dollar […]
§ 128-38 – Reservation of power to change.
128-38. Reservation of power to change. The General Assembly reserves the right at any time and from time to time, and if deemed necessary or appropriate by said General Assembly in order to coordinate with any changes in the benefit and other provisions of the Social Security Act made after January 1, 1955, to modify […]
§ 128-38.1 – Termination or partial termination; discontinuance of contributions.
128-38.1. Termination or partial termination; discontinuance of contributions. In the event of the termination or partial termination of the Retirement System or in the event of complete discontinuance of contributions under the Retirement System, the rights of all affected members to benefits accrued to the date of such termination, partial termination, or discontinuance, to the […]
§ 128-38.2 – Internal Revenue Code compliance.
128-38.2. Internal Revenue Code compliance. (a) Notwithstanding any other provisions of law to the contrary, compensation for any calendar year after 1988 in which employee or employer contributions are made and for which annual compensation is used for computing any benefit under this Article shall not exceed the higher of two hundred thousand dollars ($200,000) […]
§ 128-38.3 – Deduction for payments allowed.
128-38.3. Deduction for payments allowed. (a) Any beneficiary who is a member of a domiciled employees’ or retirees’ association that has at least 2,000 members, the majority of whom are active or retired employees of employers as defined in G.S. 128-21(11), may authorize, in writing, the periodic deduction from the beneficiary’s retirement benefits a designated […]
§ 128-38.4 – Forfeiture of retirement benefits for certain felonies committed while serving as elected government official.
128-38.4. Forfeiture of retirement benefits for certain felonies committed while serving as elected government official. (a) Except as provided in G.S. 128-26(w), the Board of Trustees shall not pay any retirement benefits or allowances, except for a return of member contributions plus interest, to any member who is convicted of any felony under the federal […]
§ 128-35 – Obligations of pension accumulation fund.
128-35. Obligations of pension accumulation fund. The maintenance of annuity reserves and pension reserves as provided for, and regular interest creditable to the various funds as provided in G.S. 128-30, and the payment of all pensions, annuities, retirement allowances, refunds and other benefits granted under the provisions of this Article, are hereby made obligations of […]
§ 128-36 – Local laws unaffected; when benefits begin to accrue.
128-36. Local laws unaffected; when benefits begin to accrue. Nothing in this Article shall have the effect of repealing any public-local or private act creating or authorizing the creation of any officers’ or employees’ retirement system in any county, city or town or prohibiting the enactment of any public-local or private act creating or authorizing […]
§ 128-37 – Membership of employees of district health departments or public health authorities.
128-37. Membership of employees of district health departments or public health authorities. Under such rules and regulations as the Board of Trustees shall establish and promulgate, the boards of county commissioners of any group of counties composing a district health department, or the governing board of any public health authority, or the board of county […]
§ 128-37.1 – Membership of employees of county social services department.
128-37.1. Membership of employees of county social services department. Under such rules and regulations as the Board of Trustees shall establish and promulgate, the board of county commissioners of any county may elect that employees of the county social services department may be members of the North Carolina Local Governmental Employees’ Retirement System; provided, that […]