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Home » US Law » 2022 North Carolina General Statutes » Chapter 147 - State Officers » Article 2A - Annuities and Deferred Compensation for Teachers and State Employees.

§ 147-9.2 – Definitions.

147-9.2. Definitions. The following words when used in this Article shall have the meanings ascribed to them in this section except when the context clearly indicates a different meaning: (1) "Board" shall mean the Board of Trustees of the North Carolina Public Employee Deferred Compensation Plan established pursuant to Chapter 433 of the 1971 Session […]

§ 147-9.3 – Annuity contracts; salary deductions.

147-9.3. Annuity contracts; salary deductions. Notwithstanding the provisions of G.S. 143B-426.40A and notwithstanding any provision of law relating to salaries or salary schedules of State employees, if the employee be one described in section 403(b)(1)(A)(i) or (ii) of the United States Internal Revenue Code, the chief executive officer of such employee, on behalf of the […]

§ 147-9.4 – Deferred Compensation Plan.

147-9.4. Deferred Compensation Plan. (a) Notwithstanding the provisions of G.S. 143B-426.40A and notwithstanding any provision of law to the contrary relating to salaries or salary schedules of teachers or State employees, the chief executive officer of an employer, on behalf of the employer, may enter into a contract with a teacher or employee under which […]