North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 02 - RETIREMENT SYSTEMS
Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM
Section .0900 - MILITARY SERVICE (INCHOATE RIGHTS ONLY)
Section 02C .0908 - RECALCULATION OF BENEFITS

Universal Citation: 20 NC Admin Code 02C .0908
Current through Register Vol. 38, No. 18, March 15, 2024

For members already retired who obtain military service credit, 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. 128-26(a); 128-28(g); S.L. 1987, C. 617;
Eff. February 1, 1976;
Readopted Eff. March 1, 2023; September 21, 1977.

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