North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 02 - RETIREMENT SYSTEMS
Subchapter B - TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM
Section .0900 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY)
Section 02B .0905 - RECALCULATION OF BENEFITS

Universal Citation: 20 NC Admin Code 02B .0905
Current through Register Vol. 38, No. 18, March 15, 2024

For members already retired who purchase service under G.S. 135-4(l), as repealed by Session Law 1981-636, s. 1, where the text of the repealed statutory provision may be found in the Editor's Note to G.S. 135-4 in the 2021 Edition of the General Statutes of North Carolina, any recalculation of benefits shall be based on the law in effect at the time of the individual's retirement. The calculation of both the benefit and the cost of the credit shall include the effects of the additional service credit resulting from the purchase and all benefit increases subsequent to the date of retirement.

Authority G.S. 135-4(l); 135-6(f); S.L. 1981, C. 636;
Eff. February 1, 1976;
Readopted Eff. March 1, 2023; September 21, 1977.

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.