Military service buyback reduction for North Carolina teachers.
The bill allows veterans employed as full-time public school employees in North Carolina to purchase up to four years of creditable military service at a reduced rate. They can buy this service at 25% of the actuarial liability, with the remaining 75% funded by the state. The Department of State Treasurer and the Retirement Systems Division will implement this change, which takes effect July 1, 2027.
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