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NC S193
Bill
AI Summary
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Establishes a flat monthly supplemental pension of $1,500 for all eligible retired registers of deeds, effective October 1, 2025, replacing the current variable benefit calculation based on years of service and fund assets
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Maintains eligibility requirement of at least 10 years of service as a register of deeds and retirement through the Local Governmental Employees' Retirement System
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Eliminates the previous provision allowing registers of deeds in non-participating counties to receive benefits under alternative eligibility criteria
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Adds new statutory sections consolidating rules on benefit cessation, including termination upon death, full-time reemployment with a participating employer, or forfeiture of retirement benefits
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Applies to pension benefits payable on or after October 1, 2025, with benefits for prior months paid at the previously calculated amounts
Legislative Description
Update Register of Deeds' Supp. Pension Fund
Public
Last Action
Ref To Com On Rules and Operations of the Senate
2/27/2025