135-18.9. Transfer of members from the Legislative Retirement System or the Consolidated Judicial Retirement System.
(a) The accumulated contributions, creditable service, and reserves, if any, of a member of the Legislative Retirement System, as provided for in Article 1A of G.S. 120, or the Consolidated Judicial Retirement System, as provided for in Article 4 of G.S. 135, who later becomes a member of the Teachers' and State Employees' Retirement System for a period of five or more years may, upon application of the member, be transferred from the Legislative Retirement System or the Consolidated Judicial Retirement System. The accumulated contributions, creditable service, and reserves of any member whose service as a member of the Legislative Retirement System or the Consolidated Judicial Retirement System is terminated other than by retirement or death and who later becomes a member of the Teachers' and State Employees' Retirement System may, upon application of the member, be transferred from the Legislative Retirement System or the Consolidated Judicial Retirement System to the Teachers' and State Employees' Retirement System. In order to effect the transfer of a member's creditable service from the Legislative Retirement System or the Consolidated Judicial Retirement System to the Teachers' and State Employees' Retirement System, the accumulated contributions of each member credited in the annuity savings fund in the Legislative Retirement System or the Consolidated Judicial Retirement System shall be transferred and credited to the annuity savings fund in the Teachers' and State Employees' Retirement System.
(b) The Board of Trustees shall effect such rules as it may deem necessary to administer subsection (a) of this section and to prevent any duplication of service credits or benefits that might otherwise occur. (2003-284, s. 30.18(c).)
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.