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NC S923
Bill
AI Summary
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Increases longevity pay for North Carolina Utilities Commission members by adding three new pay tiers beyond the existing two tiers.
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Establishes longevity pay at 14.4% of annual salary after 15 years of service, 19.2% after 20 years of service, and 24% after 25 years of service.
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Retains existing longevity pay rates of 4.8% after 5 years of service and 9.6% after 10 years of service.
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Defines "service" as service as a member of the Utilities Commission for purposes of calculating longevity pay eligibility.
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Takes effect upon becoming law.
Legislative Description
Utilities Comm. Members/Longevity Changes
Last Action
serial referral stricken bill is re-referred to Finance
6/22/2010
Committee Referrals
Pensions and Retirement8/7/2009
Appropriations/Base Budget3/26/2009
Full Bill Text
No bill text available