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Bill > H159


NC H159

Charter School TSERS Election


summary

Introduced
02/21/2017
In Committee
06/27/2017
Crossed Over
03/27/2017
Passed
06/28/2017
Dead
Signed/Enacted/Adopted
07/12/2017

Introduced Session

2017-2018 Session

Bill Summary

Charter School TSERS Election

AI Summary

This bill amends the law governing optional participation for charter schools in the Teachers' and State Employees' Retirement System (TSERS). It changes the timeframe for when a charter school can seek provisional entry into TSERS, allowing them to do so within the first two years of operation rather than just the first year. It also allows charter schools seeking to join TSERS after the first two years to undergo a financial and actuarial review before entry, rather than requiring it. The bill takes effect on August 1, 2017.

Committee Categories

Education, Labor and Employment

Sponsors (3)

Last Action

Ch. SL 2017-98 (on 07/12/2017)

bill text


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