GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1993

S	1 

SENATE BILL 764

Short Title:  Remove Refund Deadline.	(Public)
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Sponsors: Senators Sherron; and Carpenter.
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Referred to:  Pensions and Retirement.
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April 8, 1993

A BILL TO BE ENTITLED
AN ACT TO REMOVE THE DEADLINE ON APPLICATIONS FOR REFUNDS FROM THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM AND THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM FOR COOPERATIVE AGRICULTURAL EXTENSION SERVICE EMPLOYEES.
The General Assembly of North Carolina enacts:
Section 1.  Section 3 of Chapter 1061 of the 1987 Session Laws, as amended by Section 3 of the 1989 Session Laws, reads as rewritten:
"Sec. 3. The Board of Trustees of the Teachers' and State Employees' Retirement System shall reserve the sum of one million five hundred thousand dollars ($1,500,000) and the Board of Trustees of the Local Governmental Employees' Retirement System shall reserve the sum of five hundred thousand dollars ($500,000) from unencumbered actuarial gains in the Retirement Systems for the year ending December 31, 1987, for the purpose of funding this act.  "
¨	Sec. 2.  This act is effective upon ratification.