NC S707

Law enforcement officers in the Teachers' and State Employees' Retirement System or Local Governmental Employees' Retirement System may retire with unreduced benefits after completing 25 years of creditable service, regardless of age, effective January 1, 2026

Retirement allowance calculated at 1.82% (state employees) or 1.85% (local employees) of average final compensation multiplied by years of creditable service for officers meeting the 25-year threshold

Special separation allowance eligibility reduced from 30 years to 25 years of creditable service for both state and local law enforcement officers retiring before age 62

Officers retiring between ages 50-55 with 15+ years of law enforcement service but fewer than 25 total years receive a reduced allowance based on either an age-based reduction or a 5% reduction for each year short of 25 years

Removes the prior requirement that officers have a minimum of 15 years specifically in law enforcement capacity to qualify for the 25-year retirement option