135-90. Short title and purpose. (a) This Article shall be known and may be cited as the "Supplemental Retirement Income Act of 1984". (b) The purpose of the Article is to attract and hold qualified employees and officials of the State of North Carolina and its political subdivisions by permitting them to participate in a […]
135-91. Administration. (a) The provisions of this Article shall be administered by the Department of State Treasurer and the Supplemental Retirement Board of Trustees established in G.S. 135-96. The Department of State Treasurer and the Board of Trustees shall create a Supplemental Retirement Income Plan as of January 1, 1985, to be administered under the […]
135-92. Membership. (a) The membership eligibility of the Supplemental Retirement Income Plan shall consist of any of the following individuals who voluntarily elect to enroll in the Plan: (1) Members of the Teachers’ and State Employees’ Retirement System. (2) Members of the Consolidated Judicial Retirement System. (3) Members of the Legislative Retirement System. (4) Members […]
135-93. Contributions. (a) Each member may elect to reduce his compensation by the amount of his contribution to the Supplemental Retirement Income Plan and that amount shall be held in the member’s account. Members electing such a reduction in compensation may authorize payroll deductions for making contributions to the Plan. (b) The State and any […]
135-94. Benefits. (a) The Department of State Treasurer and the Board of Trustees shall establish a schedule of supplemental retirement income benefits for all members of the Supplemental Retirement Income Plan, subject to the following limitations: (1) Except as provided in G.S. 143-166.30(g1) and G.S. 143-166.50(e2), the balance in each member’s account shall be fully […]
135-95. Exemption from garnishment, attachment. Except for the applications of the provisions of G.S. 143-166.30(g1), G.S. 143-166.50(e2), G.S. 110-136, and G.S. 110-136.3 et seq., and in connection with a court-ordered equitable distribution under G.S. 50-20, the right of a member in the Supplemental Retirement Income Plan to the benefits provided under this Article is nonforfeitable […]
135-96. Supplemental Retirement Board of Trustees. (a) The Supplemental Retirement Board of Trustees is established to administer the Supplemental Retirement Income Plan established under the provisions of this Article and the North Carolina Public Employee Deferred Compensation Plan established under G.S. 143B-426.24, and the North Carolina Public School Teachers’ and Professional Educators’ Investment Plan established […]
135-97. Immunity. A person serving on the Supplemental Retirement Board of Trustees shall be immune individually from civil liability for monetary damages, except to the extent covered by insurance, for any act or failure to act arising out of that service, except where any of the following apply: (1) The person was not acting within […]
