12 | 13 | | A BILL TO BE ENTITLED 1 |
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13 | 14 | | AN ACT TO ALLOW LAW ENFORCEMENT, PROBATION/PAROLE, AND 2 |
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14 | 15 | | CORRECTIONAL OFFICERS WHO HOLD AN ADVANCED LAW ENFORCEMENT 3 |
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15 | 16 | | OR CORRECTIONS CERTIFICATE ISSUED BY THE NORTH CAROLINA CRIMINAL 4 |
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16 | 17 | | JUSTICE EDUCATION AND TRAINING STANDARDS COMMISSION OR THE 5 |
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17 | 18 | | ADVANCED LAW ENFORCEMENT CERTIFICATE ISSUED BY THE NORTH 6 |
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18 | 19 | | CAROLINA SHERIFFS' EDUCATION AND TRAINING STANDARDS COMMISSION 7 |
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19 | 20 | | TO PURCHASE, AT FULL COST, UP TO FOUR YEARS' CREDITABLE SERVICE IN 8 |
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20 | 21 | | THE TEACHERS' AND STATE EMPLOYEES ' RETIREMENT SYSTEM OR THE 9 |
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21 | 22 | | LOCAL GOVERNMENTAL EMPLOYEES ' RETIREMENT SYSTEM. 10 |
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22 | 23 | | The General Assembly of North Carolina enacts: 11 |
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23 | 24 | | SECTION 1.(a) G.S. 135-4.5 is amended by adding a new subsection to read: 12 |
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24 | 25 | | "(h) Purchases of Service Credit for Advanced Law Enforcement or Advanced 13 |
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25 | 26 | | Corrections Certificates. – Notwithstanding any other provision of this Article to the contrary, a 14 |
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26 | 27 | | member in service with five or more years of membership service who has been awarded either 15 |
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27 | 28 | | (i) the Advanced Law Enforcement Certificate issued by either the North Carolina Criminal 16 |
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28 | 29 | | Justice Education and Training Standards Commission under the authority granted under Chapter 17 |
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29 | 30 | | 17C of the General Statutes or the North Carolina Sheriffs' Education and Training Standards 18 |
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30 | 31 | | Commission under the authority granted under Chapter 17E of the General Statutes or (ii) the 19 |
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31 | 32 | | Advanced Corrections Certificate issued by the North Carolina Criminal Justice Education and 20 |
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32 | 33 | | Training Standards Commission under the authority granted under Chapter 17C of the General 21 |
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33 | 34 | | Statutes may purchase creditable service subject to all of the following: 22 |
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34 | 35 | | (1) The member may purchase up to a total of four years of creditable service 23 |
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35 | 36 | | under this subsection. 24 |
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36 | 37 | | (2) Service may only be purchased under this subsection upon or after receipt of 25 |
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37 | 38 | | the applicable certificate. 26 |
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38 | 39 | | (3) G.S. 135-4(b) does not apply to purchases under this subsection. 27 |
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39 | 40 | | (4) Purchases of service under this subsection shall be made by paying a lump 28 |
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40 | 41 | | sum amount to the Annuity Savings Fund. Purchases shall not be associated 29 |
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41 | 42 | | with any specific compensation or period of time. The amount payable shall 30 |
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42 | 43 | | be equal to the full liability increase of the Retirement System due to the 31 |
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43 | 44 | | additional service credits purchased plus an administrative fee that is set by 32 |
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44 | 45 | | the Board of Trustees. The full liability increase shall be calculated on the 33 |
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45 | 46 | | basis of the same assumptions used for the purposes of the actuarial valuation 34 |
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46 | 47 | | of the liabilities of the Retirement System, except for the following 35 |
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49 | 54 | | commence at the earliest age at which the member could retire on an 1 |
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50 | 55 | | unreduced retirement allowance and (ii) there shall be assumed annual 2 |
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51 | 56 | | postretirement allowance increases set by the Board of Trustees upon the 3 |
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52 | 57 | | advice of the consulting actuary. 4 |
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53 | 58 | | (5) An employer may pay all or part of the cost of a purchase of service under this 5 |
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54 | 59 | | subsection. To the extent that the purchase is paid by the employer, the amount 6 |
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55 | 60 | | paid by the employer shall be credited to the Pension Accumulation Fund. To 7 |
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56 | 61 | | the extent that the purchase is paid by the member, the amount paid by the 8 |
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57 | 62 | | member shall be credited to the member's accumulated contributions and 9 |
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58 | 63 | | interest in the Annuity Savings Fund." 10 |
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59 | 64 | | SECTION 1.(b) G.S. 135-4(b) reads as rewritten: 11 |
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60 | 65 | | "(b) In Unless specifically provided under G.S. 135-4.5, in no case shall more than one 12 |
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61 | 66 | | year of service be creditable for all services in one year. Service rendered for the regular school 13 |
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62 | 67 | | year in any district shall be equivalent to one year's service. Service rendered by a school 14 |
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63 | 68 | | employee in a job-sharing position shall be credited at the rate of one-half year for each regular 15 |
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64 | 69 | | school year of employment." 16 |
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65 | 70 | | SECTION 2.(a) G.S. 128-26.5 is amended by adding a new subsection to read: 17 |
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66 | 71 | | "(h) Purchases of Service Credit for Advanced Law Enforcement Certificate. – 18 |
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67 | 72 | | Notwithstanding any other provision of this Article to the contrary, a member in service with five 19 |
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68 | 73 | | or more years of membership service who has been awarded the Advanced Law Enforcement 20 |
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69 | 74 | | Certificate issued by either the North Carolina Criminal Justice Education and Training 21 |
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70 | 75 | | Standards Commission under the authority granted under Chapter 17C of the General Statutes or 22 |
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71 | 76 | | the North Carolina Sheriffs' Education and Training Standards Commission under the authority 23 |
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72 | 77 | | granted under Chapter 17E of the General Statutes may purchase creditable service subject to all 24 |
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73 | 78 | | of the following: 25 |
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74 | 79 | | (1) The member may purchase up to a total of four years of creditable service 26 |
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75 | 80 | | under this subsection. 27 |
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76 | 81 | | (2) Service may only be purchased under this subsection upon or after receipt of 28 |
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77 | 82 | | the applicable certificate. 29 |
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78 | 83 | | (3) G.S. 128-26(b) does not apply to purchases under this subsection. 30 |
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79 | 84 | | (4) Purchases of service under this subsection shall be made by paying a lump 31 |
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80 | 85 | | sum amount to the Annuity Savings Fund. Purchases shall not be associated 32 |
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81 | 86 | | with any specific compensation or period of time. The amount payable shall 33 |
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82 | 87 | | be equal to the full liability increase of the Retirement System due to the 34 |
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83 | 88 | | additional service credits purchased plus an administrative fee that is set by 35 |
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84 | 89 | | the Board of Trustees. The full liability increase shall be calculated on the 36 |
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85 | 90 | | basis of the same assumptions used for the purposes of the actuarial valuation 37 |
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86 | 91 | | of the liabilities of the Retirement System, except for the following 38 |
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87 | 92 | | assumptions specific to this calculation: (i) the allowance shall be assumed to 39 |
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88 | 93 | | commence at the earliest age at which the member could retire on an 40 |
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89 | 94 | | unreduced retirement allowance and (ii) there shall be assumed annual 41 |
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90 | 95 | | postretirement allowance increases set by the Board of Trustees upon the 42 |
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91 | 96 | | advice of the consulting actuary. 43 |
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92 | 97 | | (5) An employer may pay all or part of the cost of a purchase of service under this 44 |
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93 | 98 | | subsection. To the extent that the purchase is paid by the employer, the amount 45 |
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94 | 99 | | paid by the employer shall be credited to the Pension Accumulation Fund. To 46 |
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95 | 100 | | the extent that the purchase is paid by the member, the amount paid by the 47 |
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96 | 101 | | member shall be credited to the member's accumulated contributions and 48 |
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97 | 102 | | interest in the Annuity Savings Fund." 49 |
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98 | 103 | | SECTION 2.(b) G.S. 128-26(b) reads as rewritten: 50 General Assembly Of North Carolina Session 2025 |
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