NC H274

Clarifies employee eligibility for state retirement system by requiring full-time civilian employees to work at least 30 hours per week for nine or more months per calendar year to be covered.

Modifies long-term disability benefit calculations under G.S. 135-106(b) to specify that primary Social Security retirement benefit reductions apply effective the first of the month following initial entitlement.

Changes "fiscal year" to "calendar year" in provisions governing unused assets under Qualified Employer Benefit Arrangement (QEBA) plans in both the Teachers' and State Employees' Retirement System and the Legislative Retirement System.

Repeals G.S. 128-29.1 and modifies G.S. 114-2.4A(c) to clarify that certain funds from the Escheat Fund and benefit plans administered by the Department of State Treasurer are exempt from specific statutory requirements.

Expands military service credit eligibility by allowing employees who were not dishonorably discharged to receive credit for uniformed services, and requires employers to remit all employer and employee contributions for the full period of military service when a member returns to work.

Effective date: July 1, 2015.