North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 02 - RETIREMENT SYSTEMS
Subchapter C - LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM
Section .1000 - OUT OF STATE SERVICE (INCHOATE RIGHTS ONLY)
Section 02C .1006 - RECALCULATION OF BENEFITS
For members already retired who purchase service under G.S. 128-26(j), as repealed by Session Law 1987-617, s. 3, where the text of the repealed statutory provision may be found in the Editor's Note to G.S. 128-26 in the 2021 Edition of the General Statutes of North Carolina, any recalculation of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.
128-26(j);
128-28(g); S.L.
1987, C. 617;
Eff. February 1, 1976;
Readopted Eff.
March 1, 2023; September 21, 1977.