North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 02 - RETIREMENT SYSTEMS
Subchapter A - DIVISIONAL RULES
Section .0500 - GENERAL PROCEDURES
Section 02A .0505 - ADMINISTRATIVE FEES FOR SERVICE PURCHASES
Universal Citation: 20 NC Admin Code 02A .0505
Current through Register Vol. 38, No. 18, March 15, 2024
(a) This Rule applies to the purchase of creditable service whenever a statutory provision prescribes that the calculation of the amount payable shall include an administrative fee to be set by the Board.
(b) An administrative fee in the amount of twenty-five dollars ($25.00) for each payment shall be assessed, as provided by law, against members at the time of purchase.
Authority
G.S.
58-86-45;
120-4.15;
120-4.16;
128-26;
128-28(g);
135-4;
135-6(f);
135-56;
Eff. March 1,
2023.
Disclaimer: These regulations may not be the most recent version. North Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
