20 N.C. Admin. Code 2C.0908

Current through Register Vol. 39, No. 11, December 2, 2024

Section 02C .0908 - RECALCULATION OF BENEFITS

For members already retired who obtain military service credit, any recalculation of benefits shall be based on the law in effect at the time of the individual's retirement. The calculation of both the benefit and the cost of the credit shall include the effects of the additional service credit resulting from the purchase and all benefit increases subsequent to the date of retirement.

20 N.C. Admin. Code 02C .0908

Authority G.S. 128-26(a); 128-28(g); S.L. 1987, C. 617;
Eff. February 1, 1976;
Readopted Eff. March 1, 2023; September 21, 1977.

Authority G.S. 128-26(a); 128-28(g); S.L. 1987, C. 617;
Eff. February 1, 1976;
Readopted Eff. September 21, 1977.

Readopted by North Carolina Register Volume 37, Issue 19, April 3, 2023 effective 3/1/2023.