NC S729

Public school units can avoid additional pension contribution payments if they certify that a retiree's service occurred in positions where state law mandated specific dollar amounts or the retiree served at least 12 years in such positions, and local supplements did not exceed 20% of state-funded salary.

When local supplements exceed 20% of state-funded salary, employer contributions are adjusted proportionately: 50% of additional contribution owed if supplements exceeded salary by more than 20% but less than 50%, and 100% owed if supplements exceeded salary by at least 50%.

The Department of State Treasurer is authorized to resolve pending legal actions against the State regarding anti-pension spiking contribution-based benefit caps and calculate all contributions under the new framework.

Employer contribution rates shall not be adjusted before July 1, 2024 for contributions assessed during the litigation pause period (between July 1, 2021 and June 30, 2023).

The Retirement System cannot request state appropriation interception for unpaid contributions from retirements occurring between July 1, 2021 and June 30, 2023 prior to September 1, 2023.