NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 1227

SENATE BILL 1058

 

 

AN ACT TO PROVIDE CREDITABLE SERVICE FOR JUDGES AND JUSTICES OF THE GENERAL COURT OF JUSTICE FOR CERTAIN PRIOR COURT SERVICE.

 

The General Assembly of North Carolina enacts:

 

Section 1.  G.S. 135-56.1 is rewritten to read as follows:

"§ 135-56.1.  Creditable service for judges and justices. — Creditable service for judges and justices of the General Court of Justice shall include, in addition to service as a judge, justice, or district attorney, service as a judge of any lawfully constituted court of this State inferior to the superior court, excluding time served as a justice of the peace, as magistrate or as mayor's court judge. Creditable service shall also include service as clerk of superior court when the service extended for four years or more. Provided, service allowed by this section shall be included in the creditable service of a judge or justice only if such service is purchased prior to retirement at a cost calculated as hereinafter stated less the transfer of any accumulated contributions from either the Teachers' and State Employees' Retirement System or the Local Governmental Employees' Retirement System. All purchases of service credits allowed under the provisions of this section shall equal the full cost of the service credits calculated on the basis of the assumption used for purposes of the actuarial valuation of the System's liabilities and shall take into account the additional retirement allowance arising on account of additional service credit commencing at the earliest age at which such member could retire on an unreduced retirement allowance as determined by the System's Board of Trustees upon the advice of the consulting actuary."

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 24th day of June, 1980.