135-18.6. 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
Article 1 - Retirement System for Teachers and State Employees.
§ 135-1 - Definitions[Effective until January 1, 2023]
§ 135-1.1 - Licensing and examining boards.
§ 135-2 - Name and date of establishment.
§ 135-4.1 - Reciprocity of creditable service with other State-administered retirement systems.
§ 135-5.1 - Optional retirement program for The University of North Carolina.
§ 135-5.4 - Optional retirement program for State-funded community colleges.
§ 135-5.5 - Inactive employers.
§ 135-6.1 - Member retirement record files held by the Retirement System.
§ 135-7 - Management of funds.
§ 135-8 - Method of financing.
§ 135-10 - Protection against fraud.
§ 135-10.1 - Failure to respond.
§ 135-11 - Application of other pension laws.
§ 135-12 - Obligation of maintaining reserves and paying benefits.
§ 135-16.1 - Blind or visually impaired vendors.
§ 135-17 - Facility of payment.
§ 135-18.4 - Reservation of power to change.
§ 135-18.6 - Termination or partial termination; discontinuance of contributions.
§ 135-18.7 - Internal Revenue Code compliance.
§ 135-18.8 - Deduction for payments allowed.
§ 135-18.10B - Prohibition on purchase of forfeited service.
§ 135-18.11 - Improper receipt of decedent's retirement allowance.