GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 1259

Short Title:  Judges' Retirement/Service Purchase.	(Public)
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Sponsors: Representatives Miller; Hardaway and Bowman.
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Referred to:  Pensions and Retirement.
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April 12, 1989

A BILL TO BE ENTITLED
AN ACT TO AMEND THE JUDICIAL RETIREMENT LAW REGARDING THE THRESHOLD REQUIREMENT FOR THE PURCHASE OF PRIOR SERVICE.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 135-56 is amended by adding a new subsection to read:
"( f)	Any member who was eligible to purchase credit for active duty for military service at reduced rates after ten years' service as a contributing member but who failed to make the purchase within three years after completing the ten years' service is eligible to purchase this credit at the reduced rates, plus regular interest computed from the end of the three years' threshold, provided that the purchase is completed within 180 days of ratification of this subsection."
Sec. 2.  This act is effective upon ratification.