North Carolina House bill in Session 2025.
Status: in_committee. Latest action: March 31, 2025.
State Retirees Cost-of-Living Increase/Funds.
Amends GS 135-5, concerning the retirement system for teachers and state employees, and GS 135-65, concerning the consolidated judicial retirement system, by adding a new subsection to each that increases the retirement allowance payable to, or on account of, beneficiaries whose retirement commenced: (1) on or before July 1, 2024, by 2% of the allowance payable on June 1, 2024 or (2) after July 1, 2024, but before June 30, 2025, by a prorated amount of 2% as determined by the Board of Trustees based on the number of months the allowance was paid from July 1, 2024 to June 30, 2025.
| Date | Event | Detail |
|---|---|---|
| 2025-03-27 | Introduced | Bill introduced |
| 2025-03-31 | Status | in_committee |
| 2025-03-31 | Latest Action | Ref to the Com on Pensions and Retirement, if favorable, Appropriations, if favorable, Rules, Calendar, and Operations of the House |