summary
Introduced
04/30/2024
04/30/2024
In Committee
05/01/2024
05/01/2024
Crossed Over
Passed
Dead
12/13/2024
12/13/2024
Introduced Session
2023-2024 Session
Bill Summary
AN ACT TO PROVIDE, AND APPROPRIATE FUNDS FOR, A COST-OF-LIVING ADJUSTMENT FOR RETIREES OF THE TEACHERS' AND STATE EMPLOYEES' RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, THE LEGISLATIVE RETIREMENT SYSTEM, AND THE LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM.
AI Summary
This bill proposes to provide a 3% cost-of-living adjustment (COLA) for retirees of the Teachers' and State Employees' Retirement System, the Consolidated Judicial Retirement System, the Legislative Retirement System, and the Local Governmental Employees' Retirement System, effective July 1, 2024. The COLA will apply to beneficiaries whose retirement commenced on or before July 1, 2023, and a prorated COLA will apply to those whose retirement commenced after July 1, 2023, but before June 30, 2024. The bill also appropriates $231 million in recurring funds from the General Fund to the Reserve for Retiree Cost-of-Living Adjustments to implement this COLA.
Committee Categories
Budget and Finance
Sponsors (27)
Deb Butler (D)*,
Rosa Gill (D)*,
Carolyn Logan (D)*,
Nasif Majeed (D)*,
Eric Ager (D),
John Autry (D),
Amber Baker (D),
Cynthia Ball (D),
Mary Belk (D),
Gloristine Brown (D),
Kanika Brown (D),
Allen Buansi (D),
Laura Budd (D),
Becky Carney (D),
Maria Cervania (D),
Sarah Crawford (D),
Wesley Harris (D),
Pricey Harrison (D),
Zack Hawkins (D),
Joe John (D),
Abe Jones (D),
Marvin Lucas (D),
Marcia Morey (D),
Lindsey Prather (D),
Renée Price (D),
James Roberson (D),
Julie Von Haefen (D),
Last Action
Ref to the Com on Appropriations, if favorable, Rules, Calendar, and Operations of the House (on 05/01/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.ncleg.gov/BillLookUp/2023/H930 |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H930v1.pdf |
| BillText | https://www.ncleg.gov/Sessions/2023/Bills/House/PDF/H930v0.pdf |
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