A BILL TO BE ENTITLED
AN ACT to extend the provision that permits retired teachers to return to the classroom without a loss of retirement benefits.
The General Assembly of North Carolina enacts:
SECTION 1.  Subsection (d) of Section 28.24 of S.L. 1998‑212, as rewritten by Section 28.10 of S.L. 2002‑126, subsection (a) of Section 31.18A of S.L. 2004‑124, and Section 7A.1 of S.L. 2005‑144, reads as rewritten:
"(d)	This section becomes effective January 1, 1999, and expires October 31, 2009."
SECTION 2.  The introductory language of Section 67 of S.L. 1998‑217, as rewritten by Section 28.10 of S.L. 2002‑126, subsection (b) of Section 31.18A of S.L. 2004‑124, and Section 7A.1 of S.L. 2005‑144, reads as rewritten:
"SECTION 67. Effective January 1, 1999, through October 31, 2009, G.S. 135‑3(8)c., as rewritten by Section 28.24(a) of S.L. 1998‑212 reads as rewritten:".
SECTION 3.  Subsection (b) of Section 67.1 of S.L. 1998‑217, as rewritten by Section 28.10 of S.L. 2002‑126, subsection (c) of Section 31.18A of S.L. 2004‑124, and Section 7A.1 of S.L. 2005‑144, reads as rewritten:
"(b)	This section becomes effective January 1, 1999, and expires October 31, 2009."
SECTION 4.  Subsection (c) of Section 32.25 of S.L. 2001‑424, as rewritten by Section 28.10 of S.L. 2002‑126, subsection (d) of Section 31.18A of S.L. 2004‑124, and Section 7A.1 of S.L. 2005‑144, reads as rewritten:
"SECTION 32.25.(c)  This section becomes effective July 1, 2001, and expires  October 31, 2009."
SECTION 5.  Notwithstanding any other provision of law, effective July 1, 2007, each local school administrative unit shall pay to the Teachers' and State Employees' Retirement System a Reemployed Teacher Contribution Rate of eleven and seventy-hundredths percent (11.70%), plus a contribution rate of four and thirty-hundredths percent (4.30%) for hospital and medical benefits, as a percentage of covered salaries that the retired teachers, who are exempt from the earnings cap, are being paid. Each local school administrative unit shall report monthly to the Retirement Systems Division on payments made pursuant to this section.
Notwithstanding any other provision of law, effective July 1, 2007, any portion of the payment made by a local school administrative unit to a reemployed teacher who is exempt from the earnings cap, consisting of salary plus the Reemployed Teacher Contribution rate, that exceeds the State‑supported salary level for that position shall be paid from local funds.
SECTION 6.  This act becomes effective July 1, 2007.