120-4.30. Termination or partial termination; discontinuance of contributions.
In the event of the termination or partial termination of the Retirement System or in the event of complete discontinuance of contributions under the Retirement System, the rights of all affected members to benefits accrued to the date of such termination, partial termination, or discontinuance, to the extent funded as of such date, or the amounts credited to the members' accounts, shall be nonforfeitable and fully vested. (1987, c. 177, s. 1(a), (b).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 120 - General Assembly
Article 1A - Legislative Retirement System.
§ 120-4.9 - Retirement system established.
§ 120-4.10 - Administration of retirement system.
§ 120-4.12 - Creditable service.
§ 120-4.12A - Reciprocity of creditable service with other state-administered retirement systems.
§ 120-4.13 - Transfer of membership and benefits.
§ 120-4.14 - Purchase of prior service.
§ 120-4.15 - Repayment of contributions.
§ 120-4.16 - Repayments and purchases.
§ 120-4.17 - Assets of retirement system.
§ 120-4.18 - Management of funds.
§ 120-4.19 - Contributions by the members.
§ 120-4.20 - Contributions by the State.
§ 120-4.21 - Service retirement benefits.
§ 120-4.22 - Disability retirement benefits.
§ 120-4.22A - Post-retirement increases in allowances.
§ 120-4.23 - Reexamination for disability retirement allowance.
§ 120-4.24 - Return to membership of former member.
§ 120-4.25 - Return of accumulated contributions.
§ 120-4.26 - Benefit payment options.
§ 120-4.26A - Benefits on death after retirement.
§ 120-4.28 - Survivor's alternate benefit.
§ 120-4.29 - Exemption from garnishment, attachment.
§ 120-4.30 - Termination or partial termination; discontinuance of contributions.
§ 120-4.31 - Internal Revenue Code compliance.
§ 120-4.32 - Deduction for payments allowed.
§ 120-4.33 - Forfeiture of retirement benefits for certain felonies.
§ 120-4.33B - Prohibition on purchase of forfeited service.
§ 120-4.34 - Improper receipt of decedent's retirement allowance.