135-70.1. Transfer of members from the Local Governmental Employees' Retirement System, the Teachers' and State Employees' Retirement System, or the Legislative Retirement System.
(a) The accumulated contributions, creditable service, and reserves, if any, of a former teacher or employee, as defined in G.S. 135-1(25), 135-1(10), and 128-21(10), respectively, or a former member of the General Assembly who is a member of the Consolidated Judicial Retirement System for a period of five or more years may, upon application of the member, be transferred from the Local Governmental Employees' Retirement System, the Teachers' and State Employees' Retirement System, or the Legislative Retirement System to the Consolidated Judicial Retirement System. The accumulated contributions, creditable service, and reserves of any member whose service as a teacher or employee or member of the General Assembly is terminated other than by retirement or death and who becomes a member of the Consolidated Judicial Retirement System may, upon application of the member, be transferred from the Local Governmental Employees' Retirement System, the Teachers' and State Employees' Retirement System, or the Legislative Retirement System to the Consolidated Judicial Retirement System. In order to effect the transfer of a member's creditable service from the Local Governmental Retirement System, the Teachers' and State Employees' Retirement System, or the Legislative Retirement System, to the Consolidated Judicial Retirement System, the accumulated contributions of each member credited in the annuity savings fund in the Local Governmental Employees' Retirement System, the Teachers' and State Employees' Retirement System, or the Legislative Retirement System shall be transferred and credited to the annuity savings fund in the Consolidated Judicial Retirement System.
(b) The Board of Trustees shall effect such rules as it may deem necessary to administer the preceding subsection and to prevent any duplication of service credits or benefits that might otherwise occur. (1999-237, s. 28.24(h); 2003-284, s. 30.18(e); 2005-276, s. 29.30A(h); 2005-345, s. 42.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 4 - Consolidated Judicial Retirement Act.
§ 135-50 - Short title and purpose.
§ 135-52 - Application of Article 1; administration.
§ 135-54 - Name and date of establishment.
§ 135-56 - Creditable service.
§ 135-56.01 - Reciprocity of creditable service with other State-administered retirement systems.
§ 135-56.2 - Creditable service for other employment.
§ 135-56.3 - Repayments and Purchases.
§ 135-57 - Service retirement.
§ 135-58 - Service retirement benefits.
§ 135-59 - Disability retirement.
§ 135-60 - Disability retirement benefits.
§ 135-61 - Election of optional allowance.
§ 135-62 - Return of accumulated contributions.
§ 135-63 - Benefits on death before retirement.
§ 135-64 - Benefits on death after retirement.
§ 135-65 - Post-retirement increases in allowances.
§ 135-66 - Administration; management of funds; method of financing.
§ 135-67 - Assets of Retirement System.
§ 135-68 - Contributions by the members.
§ 135-69 - Contributions by the State.
§ 135-70 - Transfer of members to another system.
§ 135-71 - Return to membership of retired former member.
§ 135-73 - Termination or partial termination; discontinuance of contributions.
§ 135-74 - Internal Revenue Code compliance.
§ 135-75 - Deduction for payments allowed.
§ 135-75.1B - Prohibition on purchase of forfeited service.
§ 135-75.2 - Improper receipt of decedent's retirement allowance.