North Carolina 2023-2024 Session Status: In Committee Bipartisan · 29 D · 11 R · 2 I cosponsors

HB 566 — Give State Retirees 2% Cost-of-Living Adjustment/Funds.

Last action — Passed 1st Reading

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed House
  4. 4
    Passed Senate
  5. 5
    To Executive
  6. 6
    Enacted

This bill died with 2023-2024 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.

This bill is no longer active — its legislative session has ended, so there are no live odds of enactment. It would have to be reintroduced in the current session to move again.

Bill Text

What changed in the latest version

18 added · 16 removed

Plain-language change summary

The latest version of House Bill 566 includes specific language clarifying cost-of-living adjustments for retirees. It allocates $100 million for both the 2023-2024 and 2024-2025 fiscal years to support these adjustments, ensuring that recent retirees, specifically those who started their benefits between January and June 2023, are considered. This change is important because it directly impacts the financial support retirees receive, helping them keep pace with rising living costs.

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GENERAL ASSEMBLY OF NORTH CAROLINA H.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2023 H 1 HOUSE BILL 566 Short Title:
566 Apr 4, 2023 SESSION 2023 HOUSE PRINCIPAL CLERK H D HOUSE BILL DRH40293-NJap-60 Short Title:
Representative Gill.
Representatives Gill, Wheatley, and Penny (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
A BILL TO BE ENTITLED AN ACT PROVIDING A COST-OF-LIVING ADJUSTMENT FOR RETIREES OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, AND THE LEGISLATIVE RETIREMENT SYSTEM AND APPROPRIATING FUNDS FOR THAT PURPOSE.
Appropriations, if favorable, Pensions and Retirement, if favorable, Rules, Calendar, and Operations of the House April 5, 2023 A BILL TO BE ENTITLED AN ACT PROVIDING A COST-OF-LIVING ADJUSTMENT FOR RETIREES OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, AND THE LEGISLATIVE RETIREMENT SYSTEM AND APPROPRIATING FUNDS FOR THAT PURPOSE.
"(zzz) Fromand afterJuly 1, 2023,theretirementallowanceto oronaccount ofbeneficiaries whose retirement commenced on or before July 1, 2022, shall be increased by two percent (2%) of the allowance payable on June 1, 2023, in accordance with subsection (o) of this section.
"(zzz) Fromand afterJuly1, 2023,theretirementallowanceto oronaccount ofbeneficiaries whose retirement commenced on or before July 1, 2022, shall be increased by two percent (2%) of the allowance payable on June 1, 2023, in accordance with subsection (o) of this section.
"(kk) Fromand afterJuly 1, 2023,theretirementallowanceto oronaccount ofbeneficiaries whose retirement commenced on or before July 1, 2022, shall be increased by two percent (2%) of the allowance payable on June 1, 2023.
"(kk) Fromand afterJuly1, 2023,theretirementallowanceto oronaccount ofbeneficiaries whose retirement commenced on or before July 1, 2022, shall be increased by two percent (2%) of the allowance payable on June 1, 2023.
Furthermore, from and after July 1, 2023, the retirement allowance to or on account of beneficiaries whose retirement commenced after January 1, 2023, but before June 30, 2023, shall be increased by a prorated amount two percent (2%) of the allowance payable as determined by the Board of Trustees based upon the number of months that a retirement allowance was paid between January 1, 2023, and June 30, 2023." SECTION 4.
Furthermore, from and after July 1, 2023, the retirement allowance to or on account of beneficiaries whose retirement commenced after January1, 2023, but before June 30, 2023, shall be increased by a prorated amount two percent (2%) of the allowance payable as determined by the Board of Trustees based upon the number of months that a retirement allowance was paid between January 1, 2023, and June 30, 2023." SECTION 4.
There is appropriated from the General Fund to the Reserve for Retiree Cost-of-Living Adjustments the recurring sum of one hundred million dollars ($100,000,000) for the 2023-2024 fiscal year and the recurring sum of one hundred million dollars ($100,000,000) for the 2024-2025 fiscal year to implement the cost-of-living adjustment authorized by this act.
There is appropriated from the General Fund to the Reserve for Retiree Cost-of-Living Adjustments the recurringsum of one hundred million dollars ($100,000,000) for *H566-v-1* General Assembly Of North Carolina Session 2023 the 2023-2024 fiscal year and the recurring sum of one hundred million dollars ($100,000,000) for the 2024-2025 fiscal year to implement the cost-of-living adjustment authorized by this act.
*DRH40293-NJap-60* General Assembly Of North Carolina Session 2023 SECTION 5.
SECTION 5.
Page 2 DRH40293-NJap-60
Page 2 House Bill 566-First Edition
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Action History

  1. Passed 1st Reading

  2. Ref to the Com on Appropriations, if favorable, Pensions and Retirement, if favorable, Rules, Calendar, and Operations of the House

  3. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 47 co-sponsors · 130 not signed on

Sponsors (2)

Co-sponsors (47)

Not signed on (130)

130 members have not signed on to this bill.

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"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

veterans labor
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Frequently asked questions

Who sponsors HB 566?
HB 566 is sponsored by Joe John (Democratic), Gill, Diane Wheatley (Republican), Howard Penny, Jr. (Republican), Eric Ager (Democratic), W. Ted Alexander (Republican), Autry, Amber M. Baker (Democratic), Cynthia Ball (Democratic), Gloristine Brown (Democratic), Terry M. Brown Jr. (Democratic), Laura Budd (Democratic), Deb Butler (Democratic), Becky Carney (Democratic), Maria Cervania (Democratic), Clemmons, Sarah Crawford (Democratic), Carla D. Cunningham (U), Allison A. Dahle (Democratic), Harris, Pricey Harrison (Democratic), Zack Hawkins (Democratic), B. Ray Jeffers (Democratic), Abe Jones (Democratic), Ya Liu (Democratic), Carolyn G. Logan (Democratic), Tim Longest (Democratic), Lucas, Nasif Majeed (U), Marcia Morey (Democratic), Ben T. Moss, Jr. (Republican), Garland E. Pierce (Democratic), Joseph Pike (Republican), Lindsey Prather (Democratic), Renée A. Price (Democratic), Amos L. Quick, III (Democratic), Robert T. Reives, II (Democratic), Dennis Riddell (Republican), James Roberson (Democratic), Neal Jackson (Republican), Stephen M. Ross (Republican), Rudow, Phil Shepard (Republican), Bill Ward (Republican), Shelly Willingham (Democratic), Wray, Jeff Zenger (Republican), Julie von Haefen (Democratic), and Charles Smith (Democratic).
What is the current status of HB 566?
This bill died with 2023-2024 Session. It reached “In Committee” and never advanced before the session ended, so it can no longer move — a new version would have to be reintroduced in the current session.
Where can I track HB 566?
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