North Carolina Administrative Code
Title 20 - STATE TREASURER
Chapter 02 - RETIREMENT SYSTEMS
Subchapter M - CONTRIBUTORY DEATH BENEFIT FOR RETIRED MEMBERS
Section .0300 - CONTRIBUTIONS AND BENEFITS
Section 02M .0302 - MEMBER CONTRIBUTION
Current through Register Vol. 38, No. 18, March 15, 2024
(a) The monthly contribution rate paid by a member shall be based on the member's nearest age as of the effective date of coverage and the applicable rates as of that date as set by the Boards of Trustees and will remain the same as long as the coverage is in effect.
(b) Any misstatement as to the age of the member which causes the contribution of the member to have been paid at a greater or lesser rate during the period of the coverage of the member not paid or refunded prior to the death of the member will result in any underpayment of contributions being offset against the death benefit and any overpayment of contributions being paid to the following:
Authority
G.S.
120-4.10;
120-4.27;
128-27(l2);
128-27(l3);
128-27(l4);
128-27(l5);
128-27(l6);
128-28(g);
135-5(l);
135-6(f);
135-64(g);
Eff. February 1, 1989;
Amended Eff. March 1,
2023.
