Bill > S707

This bill allows law enforcement officers (LEOs) who are members of the Teachers' and State Employees' Retirement System or the Local Governmental Employees' Retirement System to retire with full benefits after 25 years of creditable service, with significant changes to retirement provisions taking effect on January 1, 2026. The bill modifies retirement allowance calculations for law enforcement officers, lowering the age and service requirements for full retirement benefits. Specifically, LEOs will be able to retire with full benefits if they: (1) have completed 25 years of creditable service, (2) are 55 years old with at least 5 years of creditable service, or (3) are 50 years old with at least 15 years of creditable service as a law enforcement officer. The bill also adjusts the calculation of retirement allowances, increasing the percentage used to compute benefits from 1.82% to 1.85% for law enforcement officers retiring after January 1, 2026. Additionally, the legislation updates special separation allowance provisions for both state and local law enforcement officers, modifying eligibility criteria and payment terms, and provides more flexible reemployment options for retired officers. These changes aim to provide more favorable retirement options and benefits for law enforcement officers, recognizing the challenging nature of their profession.

https://www.ncleg.gov/BillLookUp/2025/S707