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NC H284

NC H284
25-Year LEO Retirement Option


summary

Introduced
03/08/2017
In Committee
06/13/2018
Crossed Over
06/29/2017
Passed
06/14/2018
Dead
Signed/Enacted/Adopted
06/22/2018

Introduced Session

2017-2018 Session

Bill Summary

25-Year LEO Retirement Option

AI Summary

This bill allows state and local government employers to offer a lump sum separation buyout to law enforcement officers who leave employment prior to reaching eligibility for a separation allowance. It also creates a new "25-Year LEO Retirement Option" that allows law enforcement officers to retire with a reduced benefit if they have completed 25 years of creditable service, including at least 15 years in a law enforcement capacity, regardless of their age. This provides an earlier retirement option for law enforcement officers compared to the standard retirement requirements.

Committee Categories

Budget and Finance, Government Affairs, Labor and Employment

Sponsors (22)

Last Action

Ch. SL 2018-22 (on 06/22/2018)

bill text


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