GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

H	1 

HOUSE BILL 388

Short Title:  Legislative Retirement Option.	(Public)
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Sponsors: Representative Mavretic.
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Referred to:  Pensions and Retirement.
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March 3, 1993

A BILL TO BE ENTITLED
AN ACT TO ALLOW LEGISLATORS SERVING IN JANUARY 1985 TO PURCHASE CREDITABLE SERVICE IN THE LEGISLATIVE RETIREMENT SYSTEM.
The General Assembly of North Carolina enacts:
Section 1.  G.S. 120-4.12 is amended by adding a new subsection to read:
"( c1)	Any member of the Retirement System who was a member of the General Assembly  as of January 1985 may purchase prior service credit for the month of January 1985 based upon seven percent (7%) of the compensation received for that period."
Sec. 2.  This act becomes effective July 1, 1993.