Recodifies and standardizes death benefit laws for various North Carolina retirement systems.
This bill recodifies and standardizes the laws relating to the Death Benefit Plan for various North Carolina retirement systems, including the Teachers' and State Employees' Retirement System, Local Governmental Employees' Retirement System, Consolidated Judicial Retirement System, and Legislative Retirement System. It establishes a Local Governmental Death Benefit Plan as a group life insurance plan separate from the Retirement System.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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