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GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2019 H 4 HOUSE BILL 231 Committee Substitute Favorable 7/23/19 Senate Appropriations/Base Budget Committee Substitute Adopted 10/23/19 Senate Pensions and Retirement and Aging Committee Substitute Adopted 10/23/19 Short Title:
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2019 HOUSE BILL 231 RATIFIED BILL AN ACT, CONSISTENT WITH HOUSE BILL 966 OF THE 2019 REGULAR SESSION, TO APPROPRIATE FUNDS TO PROVIDE LEGISLATIVELY MANDATED SALARY INCREASES TO EMPLOYEES OF THE UNIVERSITY OF NORTH CAROLINA SYSTEM AND THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM AND TO PROVIDE ONE-TIME COST-OF-LIVING SUPPLEMENTS FOR RETIREES OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, AND THE LEGISLATIVE RETIREMENT SYSTEM.
UNC & Comm.
Coll.
Pay/Retiree Bonus.
(Public) Sponsors:
Referred to:
March 4, 2019 A BILL TO BE ENTITLED AN ACT, CONSISTENT WITH HOUSE BILL 966 OF THE 2019 REGULAR SESSION, TO APPROPRIATE FUNDS TO PROVIDE LEGISLATIVELY MANDATED SALARY INCREASES TO EMPLOYEES OF THE UNIVERSITY OF NORTH CAROLINA SYSTEM AND THE NORTH CAROLINA COMMUNITY COLLEGE SYSTEM AND TO PROVIDE ONE-TIME COST-OF-LIVING SUPPLEMENTS FOR RETIREES OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, AND THE LEGISLATIVE RETIREMENT SYSTEM.
COMMUNITY COLLEGES SECTION 2.1.(a) For the 2019-2021 fiscal biennium, the communitycollege boards of trustees may provide personnel a salary increase pursuant to the policies adopted by the State *H231-v-4* General Assembly Of North Carolina Session 2019 Board of Community Colleges.
COMMUNITY COLLEGES SECTION 2.1.(a) For the 2019-2021 fiscal biennium, the communitycollege boards of trustees may provide personnel a salary increase pursuant to the policies adopted by the State Board of Community Colleges.
Education Level Minimum Salary Vocational Diploma/Certificate or Less $37,581 Associate Degree or Equivalent 38,103 Bachelor's Degree 40,371 Master's Degree or Education Specialist 42,382 Doctoral Degree 45,282 No full-time faculty member shall earn less than the minimum salary for his or her education level.
*H231-v-5* Education Level Minimum Salary Vocational Diploma/Certificate or Less $37,581 Associate Degree or Equivalent 38,103 Bachelor's Degree 40,371 Master's Degree or Education Specialist 42,382 Doctoral Degree 45,282 No full-time faculty member shall earn less than the minimum salary for his or her education level.
SECTION 4.1.(e) The number of days awarded by this section that carry forward to each following year shall equal the number of days awarded in this section remaining on Page 2 House Bill 231-Fourth Edition General Assembly Of North Carolina Session 2019 December 31 of each year plus the number of days awarded in this section that were deducted from vacation leave in excess of 30 days for the calculation of sick leave.
SECTION 4.1.(e) The number of days awarded by this section that carry forward to each following year shall equal the number of days awarded in this section remaining on December 31 of each year plus the number of days awarded in this section that were deducted from vacation leave in excess of 30 days for the calculation of sick leave.
6 PART V.
PART V.
SECTION 5.1.(b) G.S.
Page 2 House Bill 231-Ratified SECTION 5.1.(b) G.S.
House Bill 231-Fourth Edition Page 3 General Assembly Of North Carolina Session 2019 (dd) In accordance with subsection (a) of this section, after September 1, 2020, but on or before October 31, 2020, a one-time cost-of-living supplement payment shall be made to or on account of beneficiaries who are living as of September 1, 2020, and whose retirement commenced on or before September 1, 2020.
(dd) In accordance with subsection (a) of this section, after September 1, 2020, but on or before October 31, 2020, a one-time cost-of-living supplement payment shall be made to or on account of beneficiaries who are living as of September 1, 2020, and whose retirement commenced on or before September 1, 2020.
No beneficiary shall be deemed to have acquired a vested right to any future supplemental payments." SECTION 5.1.(e) Notwithstanding any other provision of law to the contrary, in order to administer the one-time cost-of-living supplement for retirees provided for in this section, the Retirement Systems Division of the Department of State Treasurer may increase receipts from the retirement assets ofthe correspondingretirementsystem or paycosts associated with the administration of the payment directly from the retirement assets.
No House Bill 231-Ratified Page 3 beneficiary shall be deemed to have acquired a vested right to any future supplemental payments." SECTION 5.1.(e) Notwithstanding any other provision of law to the contrary, in order to administer the one-time cost-of-living supplement for retirees provided for in this section, the Retirement Systems Division of the Department of State Treasurer may increase receipts from the retirement assets ofthe correspondingretirement system or paycosts associated with the administration of the payment directly from the retirement assets.
SECTION 5.3.(c) Effective July 1, 2019, the State's employer contribution rates budgeted for retirement and related benefits as apercentageofcovered salaries forthe2019-2020 fiscal year for teachers and State employees, State law enforcement officers (LEOs), the University and Community Colleges Optional Retirement Programs (ORPs), the Consolidated Judicial Retirement System (CJRS),andthe Legislative RetirementSystem (LRS)are as set forth below:
SECTION 5.3.(c) Effective July 1, 2019, the State's employer contribution rates budgeted for retirement and related benefits as apercentageofcovered salaries forthe2019-2020 fiscal year for teachers and State employees, State law enforcement officers (LEOs), the University and Community Colleges Optional Retirement Programs (ORPs), the Consolidated Judicial Retirement System (CJRS),andthe LegislativeRetirementSystem (LRS)are as set forth below:
Teachers State ORPs CJRS LRS and State LEOs Employees Retirement 13.13% 13.13% 6.84% 33.91% 26.79% Disability 0.10% 0.10% 0.10% 0.00% 0.00% Death 0.16% 0.16% 0.00% 0.00% 0.00% Retiree Health 6.47% 6.47% 6.47% 6.47% 6.47% NC 401(k) 0.00% 5.00% 0.00% 0.00% 0.00% Total Contribution Rate 19.86% 24.86% 13.41% 40.38% 33.26% Portion of Rate That Is Non-Recurring 0.16% 0.16% 0.00% 0.31% 0.33% Therate forteachersand Stateemployees andStatelawenforcement officers includes one one-hundredth percent (0.01%) for the Qualified Excess Benefit Arrangement.
Teachers State ORPs CJRS LRS and State LEOs Employees Retirement 13.13% 13.13% 6.84% 33.91% 26.79% Disability 0.10% 0.10% 0.10% 0.00% 0.00% Death 0.16% 0.16% 0.00% 0.00% 0.00% Retiree Health 6.47% 6.47% 6.47% 6.47% 6.47% NC 401(k) 0.00% 5.00% 0.00% 0.00% 0.00% Total Contribution Rate 19.86% 24.86% 13.41% 40.38% 33.26% Portion of Rate That Is Non-Recurring 0.16% 0.16% 0.00% 0.31% 0.33% Therate forteachersand Stateemployees andStatelawenforcementofficers includes one one-hundredth percent (0.01%) for the Qualified Excess Benefit Arrangement.
Page 4 House Bill 231-Fourth Edition General Assembly Of North Carolina Session 2019 SECTION 5.3.(d) Effective July 1, 2020, the State's employer contribution rates budgeted for retirement and related benefits as apercentageofcovered salaries forthe2020-2021 fiscal year for teachers and State employees, State law enforcement officers (LEOs), the University and Community Colleges Optional Retirement Programs (ORPs), the Consolidated Judicial Retirement System (CJRS),andthe LegislativeRetirement System (LRS)are as set forth below:
SECTION 5.3.(d) Effective July 1, 2020, the State's employer contribution rates budgeted for retirement and related benefits as apercentageofcovered salaries forthe2020-2021 fiscal year for teachers and State employees, State law enforcement officers (LEOs), the University and Community Colleges Optional Retirement Programs (ORPs), the Consolidated Judicial Retirement System (CJRS),andthe LegislativeRetirementSystem (LRS)are as set forth below:
Teachers State ORPs CJRS LRS and State LEOs Employees Retirement 14.52% 14.52% 6.84% 36.31% 29.33% Disability 0.10% 0.10% 0.10% 0.00% 0.00% Death 0.16% 0.16% 0.00% 0.00% 0.00% Retiree Health 6.82% 6.82% 6.82% 6.82% 6.82% NC 401(k) 0.00% 5.00% 0.00% 0.00% 0.00% Total Contribution Rate 21.60% 26.60% 13.76% 43.13% 36.15% Portion of Rate That Is Non-Recurring 0.16% 0.16% 0.00% 0.31% 0.33% Therate forteachersand Stateemployees andStatelawenforcementofficers includes one one-hundredth percent (0.01%) for the Qualified Excess Benefit Arrangement.
Teachers State ORPs CJRS LRS and State LEOs Page 4 House Bill 231-Ratified Employees Retirement 14.52% 14.52% 6.84% 36.31% 29.33% Disability 0.10% 0.10% 0.10% 0.00% 0.00% Death 0.16% 0.16% 0.00% 0.00% 0.00% Retiree Health 6.82% 6.82% 6.82% 6.82% 6.82% NC 401(k) 0.00% 5.00% 0.00% 0.00% 0.00% Total Contribution Rate 21.60% 26.60% 13.76% 43.13% 36.15% Portion of Rate That Is Non-Recurring 0.16% 0.16% 0.00% 0.31% 0.33% Therate forteachersand Stateemployees andStatelawenforcementofficers includes one one-hundredth percent (0.01%) for the Qualified Excess Benefit Arrangement.
House Bill 231-Fourth Edition Page 5
st In the General Assembly read three times and ratified this the 31 day of October, 2019.
s/ Philip E.
Berger President Pro Tempore of the Senate s/ Tim Moore Speaker of the House of Representatives _____________________________________ Roy Cooper Governor Approved __________.m.
this ______________ day of ___________________, 2019 House Bill 231-Ratified Page 5
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