House amendments to the 4th edition make the following changes.
Section 3.16.
Amendment #1 refers to law enforcement officers of the Alcohol Law Enforcement instead of Alcohol Beverage Control.
House Amendment #2 adds the following content.
Section 3.24.
Amends GS 135-5 (pertaining to benefits under TSERS), GS 135-65 (post-retirement increases under Consolidated Judicial Retirement System -CJRS), and GS 120-4.22A (post-retirement increases under the Legislative Retirement System - LRS) as follows. After October1, 2025, but on or before November 30, 2025, provides for a 1% COLA for certain beneficiaries who retired on or before October 1, 2025. After September 1, 2026, but on or before October 31, 2026, provides that a one-time 2% COLA supplement payment will be paid on or behalf of living beneficiaries whose retirement began on or before September 1, 2026. Does not allow for proration.
Does not allow for proration. Sets forth provisions related to payment if the beneficiary dies before payment is made. Specifies that no beneficiary will be deemed to have acquired a vested right to any future supplemental payments.
Appropriates from the General Fund to the Retiree Supplement Reserve in the Office of State Budget and Management: (1) $41,038,783 for 2025-26, and (2) $82,077,566 for 2026-27.
Section 3.25.
Increases the State employer contribution rates budgeted for retirement, health, and related benefits as a percentage of covered salaries for teachers and State employees, State law enforcement officers, the University and Community Colleges Optional Retirement Programs (ORPs), CJRS, and LRS in 2025-26 under Section 3.6 of SL 2025-89 effective July 1, 2025. Specifies the General Assembly’s intent to incorporate the appropriate contribution rate for the one-time supplement provided for that fiscal year.
Makes conforming changes to act’s long title.
Statutes affected: Filed: 90-22, 90-43
Edition 1: 90-22, 90-43
Edition 2: 90-22, 90-43
Edition 3: 90-22, 90-43
Edition 4: 115C-302.10, 147-11, 7A-101, 7A-102, 7A-171.1, 120-37
Edition 5: 115C-302.10, 147-11, 7A-101, 7A-102, 7A-171.1, 120-37, 135-5, 135-65, 120-4.22A