North Carolina 2025 Session Status: In Committee 3 R cosponsors

SB 936 — 2026 DST Admin/Technical/Clarifying Changes.-AB

Last action — Withdrawn From Com

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

This bill is in committee in the Senate. Introduced April 29, 2026. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Stalled 20% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 3 sponsors

    2 primary, 1 co-sponsors signed on.

  • Single-party support

    Sponsorship is currently within one party (3 R).

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Bill Text

What changed in the latest version

127 added · 128 removed

Plain-language change summary

The recent updates to Senate Bill 936 include changes that clarify the rights of teachers and other state employees regarding reemployment after service. Specifically, the amendment emphasizes protections for those who have not been dishonorably discharged, ensuring they retain certain benefits associated with retirement plans. This matters because it strengthens job security for these employees and supports their transition back into the workforce, reflecting a commitment to fair treatment of workers' rights.

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FILED SENATE GENERAL ASSEMBLY OF NORTH CAROLINA Apr 29, 2026 S.B.
GENERAL ASSEMBLY OF NORTH CAROLINA SESSION 2025 S 1 SENATE BILL 936 Short Title:
936 SESSION 2025 PRINCIPAL CLERK S D SENATE BILL DRS15393-MRp-127 Short Title:
A BILL TO BE ENTITLED AN ACT TO MAKE ADMINISTRATIVE, TECHNICAL, AND CLARIFYING CHANGES TO THE LAWS RELATED TO THE DEPARTMENT OF STATE TREASURER.
Rules and Operations of the Senate April 30, 2026 A BILL TO BE ENTITLED AN ACT TO MAKE ADMINISTRATIVE, TECHNICAL, AND CLARIFYING CHANGES TO THE LAWS RELATED TO THE DEPARTMENT OF STATE TREASURER.
"(g) Teachers All of the following apply to teachers and other State employees who served in the uniformed services services, as defined in the Uniformed Services Employment and Reemployment Rights Act of 1994, 38 U.S.C.
"(g) Teachers All of the following applyto teachers and other State employees who served in the uniformed services services, as defined in the Uniformed Services Employment and Reemployment Rights Act of 1994, 38 U.S.C.
§ 4303, who (i) were not dishonorably discharged, and who discharged and (ii) returned to the service of the State within a period of two years from date of discharge shall discharge:
§ 4303, who (i) were not dishonorablydischarged, and who discharged and (ii) returned to the service of the State within a period of two years from date of discharge shall discharge:
135-5(f), and subsequently purchases the maximum amount of *DRS15393-MRp-127* General Assembly Of North Carolina Session 2025 service allowed under G.S.
135-5(f), and subsequently purchases the maximum amount of *S936-v-1* General Assembly Of North Carolina Session 2025 service allowed under G.S.
"(a2) If a member forfeited service previously credited under subsection (a1) of this section by electing to receive a return of accumulated contributions, as provided for under G.S.
"(a2) If a member forfeited service previouslycredited under subsection (a1) of this section by electing to receive a return of accumulated contributions, as provided for under G.S.
"(b) Notwithstanding any provisions of law to the contrary, any overpayment of benefits or erroneous payments to a member in a State-administered retirement system, the Disability Salary Continuation Plan,ortheDisabilityIncome PlanofNorth Carolina,including anybenefits paid to, or State Health Plan premiums or claims paid on behalf of, any member who is later determined to have been ineligible for those benefits or unentitled to those amounts, may be offset against any retirement allowance, return of contributions or any other right accruing under this Chapter to the same person, the person's estate, or designated beneficiary.
"(b) Notwithstanding any provisions of law to the contrary, any overpayment of benefits or erroneous payments to a member in a State-administered retirement system, the Disability SalaryContinuation Plan,orthe DisabilityIncome PlanofNorth Carolina, includinganybenefits paid to, or State Health Plan premiums or claims paid on behalf of, any member who is later determined to have been ineligible for those benefits or unentitled to those amounts, may be offset against any retirement allowance, return of contributions or any other right accruing under this Chapter to the same person, the person's estate, or designated beneficiary.
50-20, the right of a person to a pension, annuity, or retirement allowance, to the return of contributions, or to the receipt of the pension, annuity or retirement allowance itself, any optional benefit or any other right accrued or accruing to any person under the provisions of this Article, and the moneys in the various funds created by this Article, are exempt from levy and sale, garnishment, attachment, or any other process whatsoever, and shall be unassignable except as this Article specifically provides.
50-20, the right of a person to a pension, annuity, or retirement allowance, to the return of contributions, or to the receipt of the pension, annuity or retirement allowance itself, anyoptional benefit or anyother right accrued or accruing to any person under the provisions of this Article, and the moneys in the various funds created by this Article, are exempt from levy and sale, garnishment, attachment, or any other process whatsoever, and shall be unassignable except as this Article specifically provides.
(b) Notwithstanding any provisions of law to the contrary, any overpayment of benefits or erroneous payments to a member in a State-administered retirement system, the Disability Salary Continuation Plan,ortheDisabilityIncome PlanofNorth Carolina,including anybenefits paid to, or State Health Plan premiums or claims paid on behalf of, any member who is later Page 2 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 determined to have been ineligible for those benefits or unentitled to those amounts, may be offset against any retirement allowance, return of contributions, or any other right accruing under this Article to the same person, the person's estate, or designated beneficiary.
(b) Notwithstanding any provisions of law to the contrary, any overpayment of benefits or erroneous payments to a member in a State-administered retirement system, the Disability SalaryContinuation Plan,ortheDisabilityIncome PlanofNorth Carolina, includinganybenefits paid to, or State Health Plan premiums or claims paid on behalf of, any member who is later Page 2 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 determined to have been ineligible for those benefits or unentitled to those amounts, may be offset against anyretirement allowance, return of contributions, or anyother right accruing under this Article to the same person, the person's estate, or designated beneficiary.
The ability to offset under this subsection does not apply to the fully contributory death benefit for retired members under G.S.
The abilityto offset under this subsection does not apply to the fully contributory death benefit for retired members under G.S.
(1) The Board of Trustees shall adopt a contribution-based benefit cap factor recommended bythe actuary,basedupon actualexperience,such that nomore than three-quarters of one percent (0.75%) of retirement allowances are expected to be capped.
(1) The Board of Trustees shall adopt a contribution-based benefit cap factor recommended bythe actuary,basedupon actual experience, suchthatnomore than three-quarters of one percent (0.75%) of retirement allowances are expected to be capped.
DRS15393-MRp-127 Page 3 General Assembly Of North Carolina Session 2025 (2) The product of the multiplication in subdivision (3) sub-subdivision (1)c.
Senate Bill 936-First Edition Page 3 General Assembly Of North Carolina Session 2025 (2) The product of the multiplication in subdivision (3) sub-subdivision (1)c.
(1) The Board of Trustees shall adopt a contribution-based benefit cap factor recommended bythe actuary,basedupon actualexperience,such that nomore than three-quarters of one percent (0.75%) of retirement allowances are expected to be capped.
(1) The Board of Trustees shall adopt a contribution-based benefit cap factor recommended bythe actuary,basedupon actualexperience, suchthatnomore than three-quarters of one percent (0.75%) of retirement allowances are expected to be capped.
Page 4 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 (1)a.
Page 4 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 (1)a.
(4) Notwithstanding the foregoing, anything to the contrary under subdivisions (1) through (3) of this subsection, the retirement allowance of a member who DRS15393-MRp-127 Page 5 General Assembly Of North Carolina Session 2025 became a member before January 1, 2015, or who has not earned at least five years of membership service in the Retirement System after January 1, 2015, shall not be reduced;
(4) Notwithstanding the foregoing, anything to the contrary under subdivisions (1) through (3) of this subsection, the retirement allowance of a member who Senate Bill 936-First Edition Page 5 General Assembly Of North Carolina Session 2025 became a member before January 1, 2015, or who has not earned at least five years of membership service in the Retirement System after January 1, 2015, shall not be reduced;
Unless otherwise provided, if a beneficiary who retired on an early or service retirement allowance under this Article is reemployed by, or otherwise engaged to perform services for, an employer participating in the Retirement System on a part time, temporary, interim, or on a fee for service basis, whether contractual or otherwise, and if the beneficiary earns an amount during the 12 month period immediately followingtheeffectivedateofretirementorinanycalendaryearwhich exceeds fifty percent (50%) of the reported compensation, excluding terminal payments, during the 12 months of service preceding the effective date of retirement, or twenty thousand dollars ($20,000), whichever is greater, as hereinafter indexed, then the retirement allowanceshall besuspendedas ofthe first dayofthemonthfollowing the month in which the reemployment earnings exceed the indexed amount, for the balance of the calendar year, unless the reemployment earnings exceed the indexed amount in the month of December.
Unless otherwise provided, if a beneficiary who retired on an early or service retirement allowance under this Article is reemployed by, or otherwise engaged to perform services for, an employer participating in the Retirement System on a part time, temporary, interim, or on a fee for service basis, whether contractual or otherwise, and if the beneficiary earns an amount during the 12 month period immediately followingtheeffectivedateofretirementorinanycalendar yearwhich exceeds fifty percent (50%) of the reported compensation, excluding terminal payments, during the 12 months of service preceding the effective date of retirement, or twenty thousand dollars ($20,000), whichever is greater, as hereinafter indexed, then the retirement allowanceshall besuspendedas ofthe first dayofthemonthfollowing the month in which the reemployment earnings exceed the indexed amount, for the balance of the calendar year, unless the reemployment earnings exceed the indexed amount in the month of December.
The amount that may be earned before suspension shall be increased on January 1 of each year by the percentage change between the December Consumer Price Indexintheyearpriorto retirementandtheDecemberConsumerPrice Index in the year most recently ended, calculated to the nearest tenth of a percent (1/10 of 1%), provided that this percentage change is positive.
The amount that may be earned before suspension shall be increased on January 1 of each year by the percentage change between the December Consumer Price Indexinthe yearpriorto retirementandtheDecemberConsumerPrice Index in the year most recently ended, calculated to the nearest tenth of a percent (1/10 of 1%), provided that this percentage change is positive.
Should a beneficiary who retired on an early or service retirement allowance under this Chapter be restored to service as an employee or teacher, then the retirement allowance shall cease as of the first of the Page 6 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 month following the month in which the beneficiary is restored to service and the beneficiary shall become a member of the Retirement Systemandshallcontributethereafterasallowedbylawattheuniform contribution payable by all members.
Should a beneficiary who retired on an early or service retirement allowance under this Chapter be restored to service as an employee or teacher, then the retirement allowance shall cease as of the first of the Page 6 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 month following the month in which the beneficiary is restored to service and the beneficiary shall become a member of the Retirement Systemandshallcontributethereafterasallowedbylawattheuniform contribution payable by all members.
Any contribution funds forfeited under this subsection shall be deposited in the Supplemental Retirement Income Plan." DRS15393-MRp-127 Page 7 General Assembly Of North Carolina Session 2025 SECTION 1.6.(b) G.S.
Any contribution funds forfeited under this subsection shall be deposited in the Supplemental Retirement Income Plan." Senate Bill 936-First Edition Page 7 General Assembly Of North Carolina Session 2025 SECTION 1.6.(b) G.S.
The Board of Trustees shall keep in convenient form data necessary for actuarial valuation of the various funds of the Retirement System and for checking the experience of the System.
The Board of Trustees shall keep in convenient form data necessaryfor actuarial valuation of the various funds of the Retirement System and for checking the experience of the System.
The compensation of all persons engaged by the Board, and all other expenses of the Board necessary for the operation of the Retirement System, System shall be paid at rates and in amounts approved by the Board.
The compensation of all persons engaged bythe Board, and all other expenses of the Board necessaryfor the operation of the Retirement System, System shall be paid at rates and in amounts approved by the Board.
Page 8 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 (h1) Compensation of Designated Employees.
Page 8 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 (h1) Compensation of Designated Employees.
The Board of Trustees shall keep in convenient form data necessary for actuarial valuation of the various funds of the Retirement System and for checking the experience of the System.
The Board of Trustees shall keep in convenient form data necessaryfor actuarial valuation of the various funds of the Retirement System and for checking the experience of the System.
– The Attorney General is State Treasurer shall designate a licensedattorney employedbytheDepartmentofStateTreasureras thelegaladviseroftheBoard of Trustees.
– The Attorney General is State Treasurer shall designate a licensedattorneyemployedbytheDepartmentofStateTreasureras thelegaladviseroftheBoard of Trustees.
– The Attorney General is State Treasurer shall designate a licensedattorney employedbytheDepartmentofStateTreasureras thelegaladviseroftheBoard of Trustees.
– The Attorney General is State Treasurer shall designate a licensedattorneyemployedbytheDepartmentofStateTreasureras thelegaladviseroftheBoard of Trustees.
138-5 and DRS15393-MRp-127 Page 9 General Assembly Of North Carolina Session 2025 G.S.
138-5 and Senate Bill 936-First Edition Page 9 General Assembly Of North Carolina Session 2025 G.S.
The Board of Trustees shall have full discretionary authority to interpret, construe, and implement the LEIA and to adopt such rules and Page 10 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 regulations as may be necessary or desirable to implement the provisions of the LEIA.
The Board of Trustees shall have full discretionary authority to interpret, construe, and implement the LEIA and to adopt such rules and Page 10 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 regulations as may be necessary or desirable to implement the provisions of the LEIA.
– In the event that (i) the General Assembly creates or modifies any provision fortheretirementof,orpayment ofretirementbenefits to, public officers or public employees that has a cost savings as measured by actuarial note required by Article 15 of Chapter 120 of the General Statutes, or (ii) the Board of Trustees identifies a specific administrative or information technology purpose that is necessary to prevent an interruption to the normal operation of the Retirement System, the Board of Trustees may direct up to onehundredth percent (0.01%)oftherequiredcontributions to fundtheLEIA.
– In the event that (i) the General Assembly creates or modifies anyprovision fortheretirementof,orpayment ofretirementbenefits to, public officers or public employees that has a cost savings as measured by actuarial note required by Article 15 of Chapter 120 of the General Statutes, or (ii) the Board of Trustees identifies a specific administrative or information technology purpose that is necessary to prevent an interruption to the normal operation of the Retirement System, the Board of Trustees may direct up to onehundredth percent (0.01%)oftherequiredcontributions to fundthe LEIA.
– Any assets of the LEIA not used to pay allowed administrative expenses for timely administrative implementation of legislative provisions shall be transferred The Board of Trustees may transfer assets of the LEIA to the Retirement System as an additional employer contribution.
– Anyassets of the LEIA not used to pay allowed administrative expenses for timely administrative implementation of legislative provisions shall be transferred The Board of Trustees may transfer assets of the LEIA to the Retirement System as an additional employer contribution.
…." DRS15393-MRp-127 Page 11 General Assembly Of North Carolina Session 2025 SECTION 1.11.(b) G.S.
…." Senate Bill 936-First Edition Page 11 General Assembly Of North Carolina Session 2025 SECTION 1.11.(b) G.S.
– In the event that (i) the General Assembly creates or modifies any provision fortheretirementof,orpayment ofretirementbenefits to, public officers or public employees that has a cost savings as measured by actuarial note required by Article 15 of Chapter 120 of the General Statutes, or (ii) the Board of Trustees identifies a specific administrative or information technology purpose that is necessary to prevent an interruption to the normal operation of the Retirement System, the Board of Trustees may direct up to onehundredth percent (0.01%)oftherequiredcontributions to fundtheLEIA.
– In the event that (i) the General Assembly creates or modifies anyprovision fortheretirementof,orpayment ofretirementbenefits to, public officers or public employees that has a cost savings as measured by actuarial note required by Article 15 of Chapter 120 of the General Statutes, or (ii) the Board of Trustees identifies a specific administrative or information technology purpose that is necessary to prevent an interruption to the normal operation of the Retirement System, the Board of Trustees may direct up to onehundredth percent (0.01%)oftherequiredcontributions to fundthe LEIA.
Any use of LEIA funds for administrative or information technology Page 12 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 purposes requires a determination by the Board of Trustees that the use of funds is necessary to prevent an interruption to the normal operation of the Retirement System.purposes that the Board of Trustees determines are necessary to prevent an interruption to the normal operation of the Retirement System.
Any use of LEIA funds for administrative or information technology Page 12 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 purposes requires a determination by the Board of Trustees that the use of funds is necessary to prevent an interruption to the normal operation of the Retirement System.purposes that the Board of Trustees determines are necessary to prevent an interruption to the normal operation of the Retirement System.
– Any assets of the LEIA not used to pay allowed administrative expenses for timely administrative implementation of legislative provisions shall be transferred The Board of Trustees may transfer assets of the LEIA to the Retirement System as an additional employer contribution.
– Anyassets of the LEIA not used to pay allowed administrative expenses for timely administrative implementation of legislative provisions shall be transferred The Board of Trustees may transfer assets of the LEIA to the Retirement System as an additional employer contribution.
"(a) Benefits payable for covered expenses under this Plan will be reduced by any benefits payable for the same covered expenses under Medicare, so that Medicare.
"(a) Benefits payable for covered expenses under this Plan will be reduced byany benefits payable for the same covered expenses under Medicare, so that Medicare.
If an ultimate payee is required by law to submit information for certification or verification by the State Auditor, then no disbursement may be made to that ultimate payee if the certification or verification has not been issued by the State Auditor to the State Controller." DRS15393-MRp-127 Page 13 General Assembly Of North Carolina Session 2025 PART III.
If an ultimate payee is required by law to submit information for certification or verification by the State Auditor, then no disbursement may be made to that ultimate payee if the certification or verification has not been issued by the State Auditor to the State Controller." Senate Bill 936-First Edition Page 13 General Assembly Of North Carolina Session 2025 PART III.
Upon the expiration of all existing policies of fire insurance upon state-owned buildings, fixtures, furniture, and equipment, including all such property the title to which may be in any State department, institution, or agency, the State of North Carolina shall not reinsure any of such properties.
Upon the expiration of all existing policies of fire insurance upon state-owned buildings, fixtures, furniture, and equipment, including all such property the title to which may be in any State department, institution, or agency, the State of North Carolina shall not reinsure anyof such properties.
Theunexpendedappropriations of State departments and institutions for fire insurance premiums for the fiscal year 1944-1945 and the appropriations for fire insurancepremiums madeforthe biennium 1945-1947orthat may thereafter be made for this purpose shall be transferred to the "State Property Fire Insurance Fund."" SECTION 3.1.(b) G.S.
Theunexpended appropriations of State departments and institutions for fire insurance premiums for the fiscal year 1944-1945 and the appropriations for fire insurancepremiums madeforthe biennium 1945-1947orthat may thereafter be made for this purpose shall be transferred to the "State Property Fire Insurance Fund."" SECTION 3.1.(b) G.S.
(a) The State Treasurer shall be the custodian of the North Carolina Firefighters' and RescueSquadWorkers' PensionFundandshallinvestitsassetsin accordancewiththeprovisions of G.S.
(a) The State Treasurer shall be the custodian of the North Carolina Firefighters' and RescueSquadWorkers'PensionFundandshall investitsassetsin accordancewiththeprovisions of G.S.
All contributions made by the members of this pension fund shall be deposited in the special Page 14 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 fund.
All contributions made by the members of this pension fund shall be deposited in the special Page 14 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 fund.
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The North Carolina Association of Rescue and Emergency Medical Services, Inc., shall providetheOffice ofthe StateFireMarshal with anadvisorypriority listingforrescue equipment eligible for funding, and the Department of Health and Human Services shall provide the Office of the State Fire Marshal with an advisory priority listing of EMS equipment eligible for funding.
The North Carolina Association of Rescue and EmergencyMedical Services, Inc., shall providetheOffice ofthe StateFireMarshal with anadvisoryprioritylisting forrescue equipment eligible for funding, and the Department of Health and Human Services shall provide the Office of the State Fire Marshal with an advisoryprioritylisting of EMS equipment eligible for funding.
The State Treasurer shall disburse the principal of the Marine Resources Fund and marine resources investment income only upon the DRS15393-MRp-127 Page 15 General Assembly Of North Carolina Session 2025 written direction of the Division of Marine Fisheries of the Department of Environmental Quality." SECTION 3.1.(i) G.S.
The State Treasurer shall disburse the principal of the Marine Resources Fund and marine resources investment income only upon the Senate Bill 936-First Edition Page 15 General Assembly Of North Carolina Session 2025 written direction of the Division of Marine Fisheries of the Department of Environmental Quality." SECTION 3.1.(i) G.S.
The Authority may deposit all or any portion of the Parental Savings Trust Fund for investment either Page 16 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 with the State Treasurer, North Carolina Investment Authority, or in the individual, common, or collective trust funds of an investment manager or managers that meet the requirements of this subsection.
The Authoritymaydeposit all or anyportion of the Parental Savings Trust Fund for investment either Page 16 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 with the State Treasurer, North Carolina Investment Authority, or in the individual, common, or collective trust funds of an investment manager or managers that meet the requirements of this subsection.
Contributions to the Parental Savings Trust Fund may be invested in the individual, common, orcollective trust funds of an investment manager provided that the investment manager meets both of the following conditions:
Contributions to the Parental Savings Trust Fund maybe invested in the individual, common, orcollective trust funds of an investment manager provided that the investment manager meets both of the following conditions:
DRS15393-MRp-127 Page 17 General Assembly Of North Carolina Session 2025 The State Treasurer is the custodian of the Fund and shall deposit the assets of the Fund with the North Carolina Investment Authority to invest its assets in accordance with G.S.
Senate Bill 936-First Edition Page 17 General Assembly Of North Carolina Session 2025 The State Treasurer is the custodian of the Fund and shall deposit the assets of the Fund with the North Carolina Investment Authority to invest its assets in accordance with G.S.
"(b) The State Treasurer shall be the custodian of the Sheriffs' Supplemental Pension Fund and shall invest deposit its assets with the North Carolina Investment Authority to invest the assets in accordance with the provisions of G.S.
"(b) The State Treasurer shall be the custodian of the Sheriffs'Supplemental Pension Fund and shall invest deposit its assets with the North Carolina Investment Authority to invest the assets in accordance with the provisions of G.S.
Page 18 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 "(a) The North Carolina Conservation Easement Endowment Fund is established as a special fund in the Office of the State Treasurer.
Page 18 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 "(a) The North Carolina Conservation Easement Endowment Fund is established as a special fund in the Office of the State Treasurer.
Investment earnings credited to the assets oftheTrust Fundshall becomepartof theTrust Fund.Anybalance remaining in the Trust Fund at the end of any fiscal year shall be carried forward in the Trust Fund for the next succeeding fiscal year.
Investment earnings credited to the assets oftheTrust Fundshall becomepartof theTrust Fund.
Anybalance remaining in the Trust Fund at the end of any fiscal year shall be carried forward in the Trust Fund for the next succeeding fiscal year.
"(a) The Swain County Settlement Trust Fund is established as a special fund in the Office of the State Treasurer under the management of the Investment Authority.
"(a) The Swain CountySettlement Trust Fund is established as a special fund in the Office of the State Treasurer under the management of the Investment Authority.
For the DRS15393-MRp-127 Page 19 General Assembly Of North Carolina Session 2025 purposes of this section, the initial balance of the Fund shall be defined as fifty-two million dollars ($52,000,000)." SECTION 3.1.(aa) G.S.
For the Senate Bill 936-First Edition Page 19 General Assembly Of North Carolina Session 2025 purposes of this section, the initial balance of the Fund shall be defined as fifty-two million dollars ($52,000,000)." SECTION 3.1.(aa) G.S.
No more than 30 days after October 1, 2015, the State Treasurer The Board of Directors of the Investment Authority shall adopt a policy prohibiting the North Carolina Retirement Systems or Systems, the Investment Authority, and the Department of the State Treasurer from investing funds with a company engaging in investment activities in Iran.
No more than 30 days after October 1, 2015, the State Treasurer The Board of Directors of the Investment Authority shall adopt a policyprohibiting the North Carolina Retirement Systems or Systems, the Investment Authority, and the Department of the State Treasurer from investing funds with a company engaging in investment activities in Iran.
– Neither the The North Carolina Retirement Systems nor Systems, the Investment Authority, and the State Treasurer may not invest funds with a company that is identified on a list created pursuant to Page 20 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 subdivision (1) of this section as a company engaging in investment activities in Iran.
– Neither the The North Carolina Retirement Systems nor Systems, the Investment Authority, and the State Treasurer maynot invest funds with a company that is identified on a list created pursuant to Page 20 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 subdivision (1) of this section as a company engaging in investment activities in Iran.
government statements and any other credible information available to the public, that the company's investment activities in Iran were made before October 1, 2015, the investment activities in Iran have not been expanded or renewed after October 1, 2015, and thecompanyhas adopted, publicized,andis implementing adetailedplanto ceasetheinvestment activitiesin Iran and to refrain fromengaging in anynewinvestments in Iran.
government statements and any other credible information available to the public, that the company's investment activities in Iran were made before October 1, 2015, the investment activities in Iran have not been expanded or renewed after October 1, 2015, and thecompanyhas adopted, publicized,andis implementingadetailedplanto ceasetheinvestment activitiesin Iran and to refrain fromengagingin anynewinvestments in Iran.The StateTreasurer Investment Authority shall develop and make publically publicly available a "Substantial Positive Action Exception List" of these companies.
The StateTreasurer Investment Authority shall develop and make publically publicly available a "Substantial Positive Action Exception List" of these companies.
Once a person has not engaged in investment activities in Iran within the previous five years, the State Treasurer Investment Authority shall remove that person from the list created pursuant to G.S.
Once a person has not engaged in investment activities in Iran within the previous five years, the State Treasurer Investment Authorityshall remove that person from the list created pursuant to G.S.
DRS15393-MRp-127 Page 21 General Assembly Of North Carolina Session 2025 (a) No more than 30 days after October 1, 2017, the State Treasurer The Board of Directors of the Investment Authority shall adopt a policy prohibiting the North Carolina Retirement Systems Systems, the Investment Authority, or the Department of State Treasurer from investing in any company engaged in a boycott of Israel.
Senate Bill 936-First Edition Page 21 General Assembly Of North Carolina Session 2025 (a) No more than 30 days after October 1, 2017, the State Treasurer The Board of Directors of the Investment Authority shall adopt a policy prohibiting the North Carolina Retirement Systems Systems, the Investment Authority, or the Department of State Treasurer from investing in any company engaged in a boycott of Israel.
– Neither the The North Carolina Retirement Systems nor Systems, the Investment Authority, and the State Treasurer may not invest funds with a company that is identified on a list created pursuant to Page 22 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 subdivision (1) of this section as a company engaging in restricted investment activities.
– Neither the The North Carolina Retirement Systems nor Systems, the Investment Authority, and the State Treasurer maynot invest funds with a company that is identified on a list created pursuant to Page 22 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 subdivision (1) of this section as a company engaging in restricted investment activities.
"Compensation" shall not include any payment, as determined by the Board of Trustees, for the reimbursement of expenses or payments for housing oranyotherallowances whetherornot classifiedas salary and wages.
"Compensation" shall not include any payment, as determined by the Board of Trustees, for the reimbursement of expenses or payments for housingoranyotherallowances whetherornot classifiedas salaryand wages.
"Compensation" includesall specialpay contribution ofannual leavemadetoa401(a)SpecialPayPlanforthebenefitofanemployee.
"Compensation"includesall specialpaycontribution ofannual leavemadetoa401(a)SpecialPayPlanforthebenefitofanemployee.
Notwithstanding any other provision of this Chapter, Chapter to the DRS15393-MRp-127 Page 23 General Assembly Of North Carolina Session 2025 contrary, the term "compensation" shall not include:include any of the following:
Notwithstanding any other provision of this Chapter, Chapter to the Senate Bill 936-First Edition Page 23 General Assembly Of North Carolina Session 2025 contrary, the term "compensation" shall not include:include any of the following:
Page 24 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 5.
Page 24 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 5.
"Compensation" shall not include any payment, as determined by the Board of Trustees, for the reimbursement of expenses or payments for housing oranyotherallowances whetherornot classifiedas salary and wages.
"Compensation" shall not include any payment, as determined by the Board of Trustees, for the reimbursement of expenses or payments for housingoranyotherallowances whetherornot classifiedas salaryand wages.
…." SECTION 3.3.(c) This section is effective retroactively to July 1, 2025, and applies to any performance-related bonuses paid to employees ofthe Investment Authority in accordance with G.S.
…." SECTION 3.3.(c) This section is effective retroactively to July 1, 2025, and applies to anyperformance-related bonuses paid to employees ofthe Investment Authorityin accordance with G.S.
– Upon retirement, a member who is a law enforcement officer vested as of June 30, 2010, may elect to transfer any portion of his the member's eligible accumulated contributions, not including any Roth after-tax contributions and the earnings thereon, from the Supplemental Retirement Income Plan of North Carolina to this Retirement System and receive, in addition to his the member's basic service, serviceorearlyordisability retirementallowance,a specialretirement allowance which thatshall be based upon his the member's eligible accumulated account balance at the date of the transfer of the assets to this System.
– Upon retirement, a member who is a law enforcement officer vested as of June 30, 2010, may elect to transfer any portion of his the member's eligible accumulated contributions, not including any Roth after-tax contributions and the earnings thereon, from the Supplemental Retirement Income Plan of North Carolina to this Retirement System and receive, in addition to his the member's basic service, serviceorearlyordisabilityretirement allowance, a specialretirement allowance which thatshall be based upon his the member's eligible accumulated account balance at the date of the transfer of the assets to this System.
(1) The Board of Trustees shall adopt straight life annuity factors on the basis of mortality tables, such other tables as may be necessary necessary, and the DRS15393-MRp-127 Page 25 General Assembly Of North Carolina Session 2025 interest assumption rate recommended by the actuary based upon actual experience including an assumed annual post-retirement allowance increase of four percent (4%).
(1) The Board of Trustees shall adopt straight life annuity factors on the basis of mortality tables, such other tables as may be necessary necessary, and the Senate Bill 936-First Edition Page 25 General Assembly Of North Carolina Session 2025 interest assumption rate recommended by the actuary based upon actual experience including an assumed annual post-retirement allowance increase of four percent (4%).
If the Retirement System is unable to return the amount to the account from which it originated, the member may designate another eligible account under the transferor plan or receive a lump sum distribution paid directly to the Page 26 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 member if the member would otherwise be eligible for a distribution under the transferor plan at such time.
If the Retirement System is unable to return the amount to the account from which it originated, the member maydesignate another eligible account under the transferor plan or receive a lump sum distribution paid directly to the Page 26 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 member if the member would otherwise be eligible for a distribution under the transferor plan at such time.
(2) A member who became a member of the Supplemental Retirement Income Plan prior to retirement and who remains a member of the Supplemental Retirement Income Plan may make a one-time, irrevocable election to transfer eligible balances, not including any Roth after-tax contributions and the earnings thereon, from any of the following plans to the Supplemental Retirement Income Plan, subject to the applicable requirements of the Supplemental Retirement Income Plan, and then through the Supplemental Retirement Income Plan to this Retirement System:
(2) A member who became a member of the Supplemental Retirement Income Plan prior to retirement and who remains a member of the Supplemental Retirement Income Plan maymake a one-time, irrevocable election to transfer eligible balances, not including any Roth after-tax contributions and the earnings thereon, from any of the following plans to the Supplemental Retirement Income Plan, subject to the applicable requirements of the Supplemental Retirement Income Plan, and then through the Supplemental Retirement Income Plan to this Retirement System:
A plan participating in the North Carolina Public School Teachers' and Professional Educators' Investment Plan;
A plan participating in the North Carolina Public School Teachers'and Professional Educators' Investment Plan;
(4) Notwithstanding anything anyprovision oflawto thecontrary, amembermay not transfer such any amounts as that will cause the member's retirement allowance under the System to exceed the amount allowable under G.S.
(4) Notwithstandinganything anyprovision oflawto thecontrary, amembermay not transfer such any amounts as that will cause the member's retirement allowance under the System to exceed the amount allowable under G.S.
TreasuryBonds andmortality and such othertables as maybenecessarybased upon actual experience.
TreasuryBonds andmortalityand such othertables as maybenecessarybased upon actual experience.
DRS15393-MRp-127 Page 27 General Assembly Of North Carolina Session 2025 a.
Senate Bill 936-First Edition Page 27 General Assembly Of North Carolina Session 2025 a.
The Board of Trustees shall modify the mortality and such other applicable tables every five years, as shall be deemed necessary, based upon the five-year experience study as required by G.S.
The Board of Trustees shall modify the mortality and such other applicable tables everyfive years, as shall be deemed necessary, based upon the five-year experience study as required by G.S.
A member may elect to receive the special retirement allowance for life but with payments guaranteed for a number of months to be specified by the Board of Trustees.
A member may elect to receive the special retirement allowance for life but with payments guaranteed for a number of months to be specified bythe Board of Trustees.
Page 28 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 (2)b.
Page 28 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 (2)b.
(12) The General Assembly reserves the right to repeal or amend this subsection, but such any repeal or amendment shall not affect any person who has already made the one-time election provided in this subsection." SECTION 4.1.(c) All of the following are repealed and any inchoate or accrued rights of any member on January 1, 2027, shall not be diminished:
(12) The General Assembly reserves the right to repeal or amend this subsection, but such any repeal or amendment shall not affect anyperson who has already made the one-time election provided in this subsection." SECTION 4.1.(c) All of the following are repealed and any inchoate or accrued rights of any member on January 1, 2027, shall not be diminished:
Notwithstandinganyotherprovision of this Chapter,any member who separates from service prior to the attainment of the age of 60 years for any reason other than death or retirement for disability as provided in G.S.
Notwithstandinganyotherprovision of this Chapter,anymember who separates from service prior to the attainment of the age of 60 years for any reason other than death or retirement for disability as provided in G.S.
Provided, that such the member may retire only upon written application to the Board of Trustees setting forth at what time, not less than 30 days nor more than 90 days subsequent to the execution and filing thereof, he of the application, that the member desires to be retired.
Provided, that such the member may retire only upon written application to the Board of Trustees settingforth at what time, not less than 30 days nor more than 90 days subsequent to the execution and filing thereof, he of the application, that the member desires to be retired.
In lieu of the benefits provided in paragraph a of this subdivision (7) any member who separates from service on or after July 1, 1951, and prior to the attainment of the age of 60 years, for any reason other than death or retirement for disability as provided in G.S.
In lieu of the benefits provided in paragraph a of this subdivision (7) any member who separates from service on or after July 1, 1951, and prior to the attainment of the age of 60 years, for anyreason other than death or retirement for disability as provided in G.S.
DRS15393-MRp-127 Page 29 General Assembly Of North Carolina Session 2025 "a.
Senate Bill 936-First Edition Page 29 General Assembly Of North Carolina Session 2025 "a.
Notwithstandinganyotherprovision of this Chapter,any member who separates from service prior to the attainment of the age of 60 years for any reason other than death or retirement for disability as provided in G.S.
Notwithstandinganyotherprovision of this Chapter,anymember who separates from service prior to the attainment of the age of 60 years for any reason other than death or retirement for disability as provided in G.S.
such the member shall be deemed to have met the requirements of the above provisions of this subdivision upon attainment of age 60 while in such employmentprovidedthat hethemember is otherwisevested." SECTION 4.1.(g) G.S.
such the member shall be deemed to have met the requirements of the above provisions of this subdivision upon attainment of age 60 while in such employment providedthat hethemember is otherwisevested." SECTION 4.1.(g) G.S.
provided that such the member may so retire only upon electronic submission or written application to the Board of Trustees setting forth at what time, not less than one day nor more than 120 days subsequent to the execution and filing thereof, he of the application, the member desires to be retired.
provided that such the member may so retire only upon electronic submission or written application to the Board of Trustees setting forth at what time, not less than one daynor more than 120 days subsequent to the execution and filing thereof, he of the application, the member desires to be retired.
Such The early Page 30 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 retirement allowance so elected shall be equal to the deferred retirement allowance otherwise payable at the attainment of the age of 60 years reduced by the percentage thereof indicated below.
Such The early Page 30 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 retirement allowance so elected shall be equal to the deferred retirement allowance otherwise payable at the attainment of the age of 60 years reduced by the percentage thereof indicated below.
(1) After a medical examination of such member, shall certify that such a member applying for disability retirement under this subsection, the medical board shall make a certification of all of the following:
(1) After a medical examination of such member, shall certifythat such a member applying for disability retirement under this subsection, the medical board shall make a certification of all of the following:
DRS15393-MRp-127 Page 31 General Assembly Of North Carolina Session 2025 (4) Notwithstanding the requirement of five or more years of creditable service to the contrary, a member who is a law enforcement officer, an eligible firefighter as defined in G.S.
Senate Bill 936-First Edition Page 31 General Assembly Of North Carolina Session 2025 (4) Notwithstanding the requirement of five or more years of creditable service to the contrary, a member who is a law enforcement officer, an eligible firefighter as defined in G.S.
58-86-2, andbecomesincapacitatedforduty as the natural and proximate result of injuries incurred while in the actual performance of his or her duties, and meets all other requirements for disability retirement benefits, may be retired by the Board of Trustees on a disability retirement allowance.
58-86-2, andbecomesincapacitated fordutyas the natural and proximate result of injuries incurred while in the actual performance of his or her duties, and meets all other requirements for disability retirement benefits, may be retired by the Board of Trustees on a disability retirement allowance.
provided, the beneficiary would have met all applicable requirements for disability retirementbenefits whilestill inserviceas amember.Theallowance on account of disability retirement benefits to the beneficiary shall be retroactive to the effective date of early or service retirement.
provided, the beneficiary would have met all applicable requirements for disabilityretirementbenefits whilestill inserviceas amember.Theallowance on account of disability retirement benefits to the beneficiary shall be retroactive to the effective date of early or service retirement.
Creditable service for unused sick leave shall be allowed only for sick leave accrued monthly during employment under a duly adopted sick Page 32 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 leave policy and for which the member may be able to take credits and bepaid forsickleavewithoutrestriction.However,innoinstanceshall unused sick leave be credited to a member's account at retirement if the member's last day of actual service is more than five years prior to the effective date of the member's retirement.
Creditable service for unused sick leave shall be allowed only for sick leave accrued monthly during employment under a duly adopted sick Page 32 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 leave policyand for which the member maybe able to take credits and bepaid forsickleavewithoutrestriction.However,innoinstanceshall unused sick leave be credited to a member's account at retirement if the member's last day of actual service is more than five years prior to the effective date of the member's retirement.
Creditable service for unused sick leave shall be allowed only for sick leave accrued monthly during employment under a duly adopted sick leave policy and for which the member may be able to take credits and bepaid forsickleavewithoutrestriction.However,innoinstanceshall unused sick leave be credited to a member's account at retirement if the member's last day of actual service is more than 365 days prior to the effective date of the member's retirement.
Creditable service for unused sick leave shall be allowed only for sick leave accrued monthly during employment under a duly adopted sick leave policyand for which the member maybe able to take credits and bepaid forsickleavewithoutrestriction.However,innoinstanceshall unused sick leave be credited to a member's account at retirement if the member's last day of actual service is more than 365 days prior to the effective date of the member's retirement.
The Medical Board shall arrange for and pass upon all medical examinations required under this Chapter, shall investigate all essential statements and certificates by or on behalf of a member in connection with an application for disability retirement,benefitsprovidedundertheDisabilityIncomePlanofNorth Carolina, andshall report DRS15393-MRp-127 Page 33 General Assembly Of North Carolina Session 2025 in writing to the Board of Trustees its conclusion and recommendations upon all the matters referred to it, except as otherwise provided in this Chapter.
The Medical Board shall arrange for and pass upon all medical examinations required under this Chapter, shall investigate all essential statements and certificates by or on behalf of a member in connection with an application for disability retirement,benefitsprovidedundertheDisabilityIncomePlanofNorth Carolina, andshall report Senate Bill 936-First Edition Page 33 General Assembly Of North Carolina Session 2025 in writing to the Board of Trustees its conclusion and recommendations upon all the matters referred to it, except as otherwise provided in this Chapter.
"(d) Former employees who are receiving disability retirement benefits under Article 1A of Chapter 120 of the General Statutes or under Article 4 of this Chapter or disability income benefits pursuant to under Article 6 of this Chapter 135 of the General Statutes or who are approvedforthosebenefitsbutnotinreceiptofthebenefitsduetolump-sum payoutsofvacation, bonus, and sick leave, provided the former employee has at least five years of contributory retirement service with an employing unit of a State-supported retirement system, shall be eligible for the benefit provisions of this Plan, as set forth in this Part, on a noncontributory or partially contributory basis.
"(d) Former employees who are receiving disability retirement benefits under Article 1A of Chapter 120 of the General Statutes or under Article 4 of this Chapter or disability income benefits pursuant to under Article 6 of this Chapter 135 of the General Statutes or who are approvedforthosebenefitsbutnotinreceiptofthebenefitsduetolump-sum payouts ofvacation, bonus, and sick leave, provided the former employee has at least five years of contributory retirement service with an employing unit of a State-supported retirement system, shall be eligible for the benefit provisions of this Plan, as set forth in this Part, on a noncontributory or partially contributory basis.
120-4.23, as amended by subsection (o) of this section, reads as rewritten:
120-4.23, as amended bysubsection (o) of this section, reads as rewritten:
(b) Once each year during the first five years following retirement of a member on a disability retirement allowance, and once in every three-year period thereafter, the Board of Trustees may, and upon the member's application shall, require any disability beneficiary who has not yet attained the age of 60 years to undergo a medical examination performed at the place ofresidenceofthatbeneficiary,orotherplacemutuallyagreedupon,by aphysicianorphysicians designated by the Board of Trustees.
(b) Once each year during the first five years following retirement of a member on a disability retirement allowance, and once in every three-year period thereafter, the Board of Trustees may, and upon the member's application shall, require any disability beneficiary who has not yet attained the age of 60 years to undergo a medical examination performed at the place ofresidenceofthatbeneficiary,orotherplacemutuallyagreedupon,byaphysicianorphysicians designated by the Board of Trustees.
Page 34 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 The Department of State Treasurer and Board of Trustees may require each beneficiary to annually provide a statement of the beneficiary's monthly income received as compensation for services, including fees, commissions, or similar items, income received from business, and benefits received from the Social Security Administration, the federal Veterans Administration, any other federal agency, under the North Carolina Workers' Compensation Act, or under the provisions of G.S.
Page 34 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 The Department of State Treasurer and Board of Trustees may require each beneficiary to annually provide a statement of the beneficiary's monthly income received as compensation for services, including fees, commissions, or similar items, income received from business, and benefits received from the Social Security Administration, the federal Veterans Administration, any other federal agency, under the North Carolina Workers' Compensation Act, or under the provisions of G.S.
135-108, plus sixty-five percent (65%) of 1/12th of the annual longevity payment to which the participant or beneficiary would be eligible, to a maximum of three thousand nine hundred dollars ($3,900) per month reduced by any primary Social Security disability benefits to which the beneficiary may be entitled, effective as of the first of the month following the month of initial entitlement, and by monthly payments for Workers' Compensation to which the participant or beneficiary may be entitled.
135-108, plus sixty-five percent (65%) of 1/12th of the annual longevity payment to which the participant or beneficiary would be eligible, to a maximum of three thousand nine hundred dollars ($3,900) per month reduced by anyprimarySocial Securitydisabilitybenefits to which the beneficiarymaybe entitled, effective as of the first of the month following the month of initial entitlement, and by monthly payments for Workers' Compensation to which the participant or beneficiary may be entitled.
(2) The monthly benefit shall be further reduced by the amount of any monthly payments from thefederal Department ofVeterans Affairs, forpayments from any other federal agency agency, or for any payments made under the DRS15393-MRp-127 Page 35 General Assembly Of North Carolina Session 2025 provisions of G.S.
(2) The monthly benefit shall be further reduced by the amount of any monthly payments from thefederal Department ofVeterans Affairs, forpayments from any other federal agency agency, or for any payments made under the Senate Bill 936-First Edition Page 35 General Assembly Of North Carolina Session 2025 provisions of G.S.
135-104 in lieuoflong-term disability benefits;
135-104 in lieuoflong-term disabilitybenefits;
provided such benefits under this section so long as that election shall not extend the first 36 consecutive calendar months of the long-term disability period.
provided such benefits under this section so long as that election shall not extend the first 36 consecutive calendar months of the long-term disabilityperiod.
An election to receive any salary continuation for any part of any given day shall be in lieu of any long-term benefit payable for that day, provided further, any lump-sum payout for vacation leave shall be treated as if the beneficiary or participant had exhausted the leave and shall be in lieu of any long-term benefit otherwise payable.
An election to receive any salary continuation for any part of any given day shall be in lieu of anylong-term benefit payable for that day, provided further, anylump-sum payout for vacation leave shall be treated as if the beneficiary or participant had exhausted the leave and shall be in lieu of anylong-term benefit otherwise payable.
135-108, plus sixty-five percent (65%) of 1/12th of the annual longevity payment to which the participant or beneficiary would be eligible, to a maximum of three thousand nine hundred dollars ($3,900) per month reduced by the primary Social Security disability benefits to which the beneficiary may be entitled, effective as of the first of the month following themonth of initial entitlement, and by monthly payments forWorkers'Compensation to which theparticipant or beneficiary may be entitled.
135-108, plus sixty-five percent (65%) of 1/12th of the annual longevity payment to which the participant or beneficiary would be eligible, to a maximum of three thousand nine hundred dollars ($3,900) per month reduced by the primary Social Security disability benefits to which the beneficiary may be entitled, effective as of the first of the month following the month of initial entitlement, and bymonthlypayments forWorkers'Compensation to which theparticipant or beneficiary may be entitled.
(b2) Notwithstanding the foregoing, anything in subsection (b) or (b1) of this section, the long-term disability benefit is payable so long as the beneficiary is disabled and is in receipt of a primarySocial Security disability benefit until theearliest dateat whichthebeneficiaryis eligible for an unreduced service retirement allowance from the Retirement System, at which time the beneficiary would receive a retirement allowance calculated on the basis of the beneficiary's average final compensation at the time of disability as adjusted to reflect compensation increases subsequent to the time of disability and the creditable service accumulated by the beneficiary, Page 36 DRS15393-MRp-127 General Assembly Of North Carolina Session 2025 including creditable service while in receipt of benefits under the Plan.
(b2) Notwithstanding the foregoing, anything in subsection (b) or (b1) of this section, the long-term disability benefit is payable so long as the beneficiary is disabled and is in receipt of a primarySocial Securitydisabilitybenefit until theearliest dateat which thebeneficiaryis eligible for an unreduced service retirement allowance from the Retirement System, at which time the beneficiary would receive a retirement allowance calculated on the basis of the beneficiary's average final compensation at the time of disability as adjusted to reflect compensation increases subsequent to the time of disability and the creditable service accumulated by the beneficiary, Page 36 Senate Bill 936-First Edition General Assembly Of North Carolina Session 2025 including creditable service while in receipt of benefits under the Plan.
In the event If the beneficiary has not been approved and is not in receipt of a primary Social Security disability benefit, then the long-term disability benefit shall cease after the first 36 months of the long-term disability period.
In the event If the beneficiary has not been approved and is not in receipt of a primary Social Security disability benefit, then the long-term disabilitybenefit shall cease after the first 36 months of the long-term disability period.
However, a beneficiary shall be entitled to a restoration of the long-term disability benefit in the event If the Social Security Administration grants a retroactive approval for primary Social Security disability benefits with a benefit effective an entitlement date within the first 36 months of the long-term disability period.
However, a beneficiary shall be entitled to a restoration of the long-term disability benefit in the event If the Social Security Administration grants a retroactive approval for primary Social Security disability benefits with a benefit effective an entitlement date within the first 36 months of the long-term disabilityperiod.
135-106 may be increased by any permanent across-the-board salary increase granted to employees of the State by the General Assembly and thebenefits payableto beneficiaries shall berecalculated basedupontheincreased compensation, reduced by any percentage increase in Social Security benefits granted by the Social Security Administration times the amount used in the reduction of benefits for primary Social Security disability or retirement benefit as provided in G.S.
135-106 may be increased by any permanent across-the-board salaryincrease granted to employees of the State by the General Assemblyand thebenefits payableto beneficiaries shall berecalculatedbased upon theincreased compensation, reduced by any percentage increase in Social Security benefits granted by the Social Security Administration times the amount used in the reduction of benefits for primary Social Security disability or retirement benefit as provided in G.S.
"(a) If a member fails to respond within 120 days after preliminary option figures and the Form6-EorForm7-Eareform approvedbytheBoardofTrustees to elect theoptional allowance under G.S.
"(a) If a member fails to respond within 120 days after preliminary option figures and the Form6-EorForm7-Eareform approvedbythe BoardofTrustees to elect theoptional allowance under G.S.
"(a) If a member fails to respond within 120 days after preliminary option figures and the Form6-EorForm7-Eareform approvedbytheBoardofTrustees to elect theoptional allowance under G.S.
"(a) If a member fails to respond within 120 days after preliminary option figures and the Form6-EorForm7-Eareform approvedbythe BoardofTrustees to elect theoptional allowance under G.S.
DRS15393-MRp-127 Page 37 General Assembly Of North Carolina Session 2025 SECTION 4.6.(c) The Revisor of Statutes shall replace the reference to "G.S.
Senate Bill 936-First Edition Page 37 General Assembly Of North Carolina Session 2025 SECTION 4.6.(c) The Revisor of Statutes shall replace the reference to "G.S.
Retired members electing to receive a fully contributory death benefit under the Death Benefit Plan shall continuously pay monthly premiums on a fully contributory basis, as determined by the Board ofTrustees,totheNorth CarolinaTeachers'andStateEmployees' BenefitTrustestablishedunder G.S.
Retired members electing to receive a fully contributory death benefit under the Death Benefit Plan shall continuously pay monthly premiums on a fully contributory basis, as determined by the Board ofTrustees,totheNorth CarolinaTeachers'andStateEmployees'BenefitTrustestablishedunder G.S.
Page 38 DRS15393-MRp-127
Page 38 Senate Bill 936-First Edition
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Action History

  1. Withdrawn From Com

  2. Re-ref to Pensions and Retirement and Aging. If fav, re-ref to Rules and Operations of the Senate

  3. Passed 1st Reading

  4. Ref To Com On Rules and Operations of the Senate

  5. Filed

Sponsors

Sponsorship breakdown

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2 sponsors · 1 co-sponsors · 176 not signed on

Sponsors (2)

Co-sponsors (1)

Not signed on (176)

176 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 healthcare labor health-insurance
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Frequently asked questions

Who sponsors SB 936?
SB 936 is sponsored by Bobby Hanig (Republican), W. Ted Alexander (Republican), and Carl Ford (Republican).
What is the current status of SB 936?
This bill is in committee in the Senate. Introduced April 29, 2026. It must pass committee before a floor vote.
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