Loading chat...
NC H376
Bill
Status
6/24/2011
Primary Sponsor
William McGee
Click for details
AI Summary
Session Law 2011-294: House Bill 376
-
Expands eligibility for retirement plan benefits to include former employees receiving disability benefits whose lump-sum payouts include vacation, bonus, and sick leave (previously only vacation and bonus).
-
Changes penalty assessment for employers failing to report reemployed beneficiaries from mandatory to discretionary, and allows penalty reduction to 2% minimum if employer provides clear evidence of inadvertent failure beyond their control.
-
Clarifies that members must render no service (including part-time, temporary, substitute, or contractor service) during the month immediately following retirement's effective date for retirement to become effective.
-
Requires employers to remit all employer contributions for a member's full military service period when the member returns to work after military leave, pursuant to federal law (38 U.S.C. § 4318(b)(1)).
-
Exempts long-term disability recipients who become eligible for unreduced service retirement from the standard six-month waiting period for receiving retirement allowances.
Legislative Description
Retirement Technical Corrections.-AB
Last Action
Ch. SL 2011-294
6/24/2011