summary
Introduced
04/04/2023
04/04/2023
In Committee
04/05/2023
04/05/2023
Crossed Over
Passed
Dead
12/13/2024
12/13/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT PROVIDING A COST-OF-LIVING ADJUSTMENT FOR RETIREES OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, AND THE LEGISLATIVE RETIREMENT SYSTEM AND APPROPRIATING FUNDS FOR THAT PURPOSE.
AI Summary
This bill provides a 2% cost-of-living adjustment (COLA) for retirees of the Teachers' and State Employees' Retirement System, the Consolidated Judicial Retirement System, and the Legislative Retirement System in North Carolina. The COLA will apply to retirees whose retirement commenced on or before July 1, 2022, and to those whose retirement commenced after July 1, 2022, but before June 30, 2023, with the latter receiving a prorated amount based on the number of months a retirement allowance was paid. The bill also appropriates $100 million per year for the 2023-2024 and 2024-2025 fiscal years to implement the COLA.
Committee Categories
Budget and Finance
Sponsors (49)
Rosa Gill (D)*,
Howard Penny (R)*,
Diane Wheatley (R)*,
Eric Ager (D),
Kelly Alexander (D),
John Autry (D),
Amber Baker (D),
Cynthia Ball (D),
Gloristine Brown (D),
Terry Brown (D),
Laura Budd (D),
Deb Butler (D),
Becky Carney (D),
Maria Cervania (D),
Ashton Clemmons (D),
Sarah Crawford (D),
Carla Cunningham (I),
Allison Dahle (D),
Wesley Harris (D),
Pricey Harrison (D),
Zack Hawkins (D),
Frances Jackson (D),
Ray Jeffers (D),
Joe John (D),
Abe Jones (D),
Ya Liu (D),
Carolyn Logan (D),
Tim Longest (D),
Marvin Lucas (D),
Nasif Majeed (I),
Marcia Morey (D),
Ben Moss (R),
Garland Pierce (D),
Joe Pike (R),
Lindsey Prather (D),
Renée Price (D),
Amos Quick (D),
Robert Reives (D),
Dennis Riddell (R),
James Roberson (D),
Stephen Ross (R),
Caleb Rudow (D),
Phil Shepard (R),
Charles Smith (D),
Julie Von Haefen (D),
Bill Ward (R),
Shelly Willingham (D),
Michael Wray (D),
Jeff Zenger (R),
Last Action
Ref to the Com on Appropriations, if favorable, Pensions and Retirement, if favorable, Rules, Calendar, and Operations of the House (on 04/05/2023)
Bill Topics
Labor and Employment
- ‐ Employee Benefits
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2023/H566 | 04/04/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H566v1.pdf | 04/05/2023 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H566v0.pdf | 04/04/2023 |
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