§ 135-150 – Definitions.

135-150. Definitions. The following words and phrases as used in this Article, unless a different meaning is plainly required by the context, have the following meanings: (1) "Board of Trustees" means the Board of Trustees established by G.S. 135-6. (2) "Internal Revenue Code" means the Internal Revenue Code of 1986, as amended from time to […]

§ 135-151 – Qualified Excess Benefit Arrangement.

135-151. Qualified Excess Benefit Arrangement. (a) The Qualified Excess Benefit Arrangement (QEBA) is established effective January 1, 2014, and placed under the management of the Board of Trustees. The purpose of the QEBA is solely to provide the part of a retirement allowance or benefit that would otherwise have been payable by a Retirement System […]