Bill > H476

This bill makes several technical corrections and administrative changes to various laws related to the Department of State Treasurer, with key provisions spanning multiple areas. For charter schools, the bill modifies rules around retirement system participation, allowing the Board of Trustees more flexibility in granting and extending provisional entry into the retirement system and requiring more rigorous financial reviews. The bill shifts the authority for reversing benefits forfeited due to felonious conduct from the State Treasurer to the Board of Trustees for multiple retirement systems, establishing a standardized process for potential benefit restoration. For ABLE (Achieving a Better Life Experience) accounts, the bill changes the state's claim process for medical assistance benefits upon a beneficiary's death, reducing the state's automatic claim rights. The legislation also corrects various statutory references related to retirement systems, including clarifying rules about reemployment after retirement and updating language around temporary employees. Additionally, the bill makes technical changes to references in local government statutes and removes a previous provision allowing certain university healthcare system employees to elect alternative benefits. These changes are primarily administrative in nature, aimed at clarifying and streamlining existing laws related to state retirement and financial systems.

Government Affairs, Justice, Labor and Employment

https://www.ncleg.gov/BillLookUp/2025/H476