North Carolina H564 proposes a 2% cost-of-living adjustment for retirees of the Teachers' and State Employees' Retirement System, the Consolidated.
North Carolina H564 provides a 2% cost-of-living adjustment for retirees of the Teachers' and State Employees' Retirement System, the Consolidated Judicial Retirement System, and the Legislative Retirement System. The adjustment applies to retirees who began receiving benefits before July 1, 2024, and those who retire between July 1, 2024, and June 30, 2025, will receive a prorated increase based on the number of months they were paid.
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- Legal Framework
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