State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_135 > GS_135-65

§ 135‑65.  Post‑retirementincreases in allowances.

(a)        Commencing with thepost‑retirement adjustment, effective July 1, 1974, all retirementallowances payable under the provisions of this Article shall be adjustedannually in accordance with the provisions of G.S. 135‑5(o).

(b)        Increases inBenefits Paid to Members Retired prior to July 1, 1978. – Notwithstandingsubsection (a) of this section, the increase in allowance to each beneficiaryon the retirement rolls as of July 1, 1978, which shall become payable on July1, 1979, as otherwise provided in subsection (a) of this section, shall be thecurrent maximum four percent (4%) plus an additional one percent (1%) to atotal of five percent (5%) for the year 1979 only. The provisions of thissubsection shall apply also to the allowance of a surviving annuitant of abeneficiary.

(c)        Increases inBenefits Paid to Members Retired prior to July 1, 1979. – Notwithstanding theforegoing provisions, the increase in allowance to each beneficiary on theretirement rolls as of July 1, 1979, which shall become payable on July 1,1980, shall be the current maximum four percent (4%) plus an additional sixpercent (6%) to a total of ten percent (10%) for the year 1980‑81 only.The provisions of this subsection shall apply also to the allowance of asurviving annuitant of a beneficiary.

(d)        Increases inBenefits Paid to Members Retired Prior to July 1, 1982. – From and after July1, 1983, the retirement allowance to or on account of beneficiaries on theretirement rolls as of July 1, 1982, shall be increased by four percent (4%) ofthe allowance payable on July 1, 1982, provided the increase in retirementallowances shall be payable in accordance with all requirements, stipulationsand conditions set forth in subsection (a) of this section.

(e)        Increase inBenefits Paid to Members Retired on or before July 1, 1983. – From and afterJuly 1, 1984, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1983, shall be increased by eightpercent (8%) of the allowance payable on July 1, 1983.

(f)         From and afterJuly 1, 1985, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1984, shall be increased by fourpercent (4%) of the allowance payable on July 1, 1984. Furthermore, from andafter July 1, 1985, the retirement allowance to or on account of beneficiarieswhose retirement commenced after July 1, 1984, but before June 30, 1985, shallbe increased by a prorated amount of four percent (4%) of the allowance payableas determined by the Board of Trustees based upon the number of months that aretirement allowance was paid between July 1, 1984, and June 30, 1985.

(g)        From and after July1, 1986, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1985, shall be increased by three andeight‑tenths percent (3.8%) of the allowance payable on July 1, 1985.Furthermore, from and after July 1, 1986, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1985, butbefore June 30, 1986, shall be increased by a prorated amount of three andeight‑tenths percent (3.8%) of the allowance payable as determined by theBoard of Trustees based upon the number of months that a retirement allowancewas paid between July 1, 1985 and June 30, 1986.

(h)        From and after July1, 1987, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1986, shall be increased by fourpercent (4.0%) of the allowance payable on July 1, 1986. Furthermore, from andafter July 1, 1987, the retirement allowance to or on account of beneficiarieswhose retirement commenced after July 1, 1986, but before June 30, 1987, shallbe increased by a prorated amount of four percent (4.0%) of the allowancepayable as determined by the Board of Trustees based upon the number of monthsthat a retirement allowance was paid between July 1, 1986, and June 30, 1987.

(i)         From and afterJuly 1, 1988, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1987, shall be increased by three andsix‑tenths percent (3.6%) of the allowance payable on July 1, 1987.Furthermore, from and after July 1, 1988, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1987, butbefore June 30, 1988, shall be increased by a prorated amount of three and six‑tenthspercent (3.6%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1987, and June 30, 1988.

(j)         From and afterJuly 1, 1989, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1988, shall be increased by three andone‑half percent (3.5%) of the allowance payable on July 1, 1988.Furthermore, from and after July 1, 1989, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1988, butbefore June 30, 1989, shall be increased by a prorated amount of three and one‑halfpercent (3.5%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid between July1, 1988, and June 30, 1989.

(k)        Increase inAllowance as to Persons on Retirement Rolls as of June 1, 1990. – From andafter July 1, 1990, the retirement allowance to or on account of beneficiarieson the retirement rolls as of June 1, 1990, shall be increased by six‑tenthspercent (0.6%) of the allowance payable on June 1, 1990. This allowance shallbe calculated on the basis of the allowance payable and in effect on June 30,1990, so as not to be compounded on any other increase granted by act of the 1989Session of the General Assembly (1990 Regular Session).

(l)         From and afterJuly 1, 1990, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1989, shall be increased by six andone‑tenth percent (6.1%) of the allowance payable on July 1, 1989.Furthermore, from and after July 1, 1990, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1989, butbefore June 30, 1990, shall be increased by a prorated amount of six and one‑tenthpercent (6.1%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1989, and June 30, 1990.

(m)       From and after July1, 1992, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1991, shall be increased by one andsix‑tenths percent (1.6%) of the allowance payable on July 1, 1991.Furthermore, from and after July 1, 1992, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1991, butbefore June 30, 1992, shall be increased by a prorated amount of one and six‑tenthspercent (1.6%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1991 and June 30, 1992.

(n)        From and after July1, 1993, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1992, shall be increased by one andsix‑tenths percent (1.6%) of the allowance payable on July 1, 1992.Furthermore, from and after July 1, 1993, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1992, but beforeJune 30, 1993, shall be increased by a prorated amount of one and six‑tenthspercent (1.6%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1992, and June 30, 1993.

(o)        From and after July1, 1994, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1993, shall be increased by three andone‑half percent (3.5%) of the allowance payable on July 1, 1993.Furthermore, from and after July 1, 1994, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1993, butbefore June 30, 1994, shall be increased by a prorated amount of three and one‑halfpercent (3.5%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1993, and June 30, 1994.

(p)        From and after July1, 1995, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1994, shall be increased by twopercent (2%) of the allowance payable on July 1, 1994. Furthermore, from andafter July 1, 1995, the retirement allowance to or on account of beneficiarieswhose retirement commenced after July 1, 1994, but before June 30, 1995, shallbe increased by a prorated amount of two percent (2%) of the allowance payableas determined by the Board of Trustees based upon the number of months that aretirement allowance was paid between July 1, 1994, and June 30, 1995.

(q)        From and afterSeptember 1, 1996, the retirement allowance to or on account of beneficiarieswhose retirement commenced on or before July 1, 1995, shall be increased byfour and four‑tenths percent (4.4%) of the allowance payable on July 1,1995. Furthermore, from and after September 1, 1996, the retirement allowanceto or on account of beneficiaries whose retirement commenced after July 1,1995, but before June 30, 1996, shall be increased by a prorated amount of fourand four‑tenths percent (4.4%) of the allowance payable as determined bythe Board of Trustees based upon the number of months that a retirementallowance was paid between July 1, 1995, and June 30, 1996.

(r)        From and after July1, 1997, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1996, shall be increased by fourpercent (4%) of the allowance payable on June 1, 1997. Furthermore, from andafter July 1, 1997, the retirement allowance to or on account of beneficiarieswhose retirement commenced after July 1, 1996, but before June 30, 1997, shallbe increased by a prorated amount of four percent (4%) of the allowance payableas determined by the Board of Trustees based upon the number of months that aretirement allowance was paid between July 1, 1996, and June 30, 1997.

(s)        From and after July1, 1998, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1997, shall be increased by two andone‑half percent (2.5%) of the allowance payable on June 1, 1998.Furthermore, from and after July 1, 1998, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1997, butbefore June 30, 1998, shall be increased by a prorated amount of two and one‑halfpercent (2.5%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1997, and June 30, 1998.

(t)         From and after July1, 1999, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1998, shall be increased by two andthree‑tenths percent (2.3%) of the allowance payable on June 1, 1999.Furthermore, from and after July 1, 1999, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1998, butbefore June 30, 1999, shall be increased by a prorated amount of two and three‑tenthspercent (2.3%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1998, and June 30, 1999.

(u)        From and after July1, 2000, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 1999, shall be increased by two andsix‑tenths percent (2.6%) of the allowance payable on June 1, 2000.Furthermore, from and after July 1, 2000, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 1999, butbefore June 30, 2000, shall be increased by a prorated amount of two and six‑tenthspercent (2.6%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 1999, and June 30, 2000.

(v)        From and after July1, 2001, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2000, shall be increased by twopercent (2%) of the allowance payable on June 1, 2001. Furthermore, from andafter July 1, 2001, the retirement allowance to or on account of beneficiarieswhose retirement commenced after July 1, 2000, but before June 30, 2001, shallbe increased by a prorated amount of two percent (2%) of the allowance payableas determined by the Board of Trustees based upon the number of months that aretirement allowance was paid between July 1, 2000, and June 30, 2001.

(w)       From and after July1, 2002, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2001, shall be increased by one andfour‑tenths percent (1.4%) of the allowance payable on June 1, 2002.Furthermore, from and after July 1, 2002, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 2001, butbefore June 30, 2002, shall be increased by a prorated amount of one and four‑tenthspercent (1.4%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 2001, and June 30, 2002.

(x)        From and after July1, 2003, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2002, shall be increased by one andtwenty‑eight hundredths percent (1.28%) of the allowance payable on June1, 2003. Furthermore, from and after July 1, 2003, the retirement allowance toor on account of beneficiaries whose retirement commenced after July 1, 2002,but before June 30, 2003, shall be increased by a prorated amount of one andtwenty‑eight hundredths percent (1.28%) of the allowance payable asdetermined by the Board of Trustees based upon the number of months that aretirement allowance was paid between July 1, 2002, and June 30, 2003.

(y)        From and after July1, 2004, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2003, shall be increased by one andseven‑tenths percent (1.7%) of the allowance payable on June 1, 2004, inaccordance with G.S. 135‑5(o). Furthermore, from and after July 1, 2004,the retirement allowance to or on account of beneficiaries whose retirementcommenced after July 1, 2003, but before June 30, 2004, shall be increased by aprorated amount of one and seven‑tenths percent (1.7%) of the allowancepayable as determined by the Board of Trustees based upon the number of monthsthat a retirement allowance was paid between July 1, 2003, and June 30, 2004.

(z)        From and after July1, 2005, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2004, shall be increased by twopercent (2%) of the allowance payable on June 1, 2005. Furthermore, from andafter July 1, 2005, the retirement allowance to or on account of beneficiarieswhose retirement commenced after July 1, 2004, but before June 30, 2005, shallbe increased by a prorated amount of two percent (2%) of the allowance payableas determined by the Board of Trustees based upon the number of months that aretirement allowance was paid between July 1, 2004, and June 30, 2005.

(aa)      From and after July1, 2006, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2005, shall be increased by threepercent (3%) of the allowance payable on June 1, 2006. Furthermore, from andafter July 1, 2006, the retirement allowance to or on account of beneficiarieswhose retirement commenced after July 1, 2005, but before June 30, 2006, shallbe increased by a prorated amount of three percent (3%) of the allowancepayable as determined by the Board of Trustees based upon the number of monthsthat a retirement allowance was paid between July 1, 2005, and June 30, 2006.

(bb)      From and after July1, 2007, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2006, shall be increased by two andtwo‑tenths percent (2.2%) of the allowance payable on June 1, 2007.Furthermore, from and after July 1, 2007, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 2006, butbefore June 30, 2007, shall be increased by a prorated amount of two and two‑tenthspercent (2.2%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 2006, and June 30, 2007.

(cc)      From and after July1, 2008, the retirement allowance to or on account of beneficiaries whoseretirement commenced on or before July 1, 2007, shall be increased by two andtwo‑tenths percent (2.2%) of the allowance payable on June 1, 2008.Furthermore, from and after July 1, 2008, the retirement allowance to or onaccount of beneficiaries whose retirement commenced after July 1, 2007, butbefore June 30, 2008, shall be increased by a prorated amount of two and two‑tenthspercent (2.2%) of the allowance payable as determined by the Board of Trusteesbased upon the number of months that a retirement allowance was paid betweenJuly 1, 2007, and June 30, 2008.  (1973, c. 640, s. 1; 1979, c. 838, s. 104; 1979, 2ndSess., c. 1137, s. 69; 1983, c. 761, s. 221; 1983 (Reg. Sess., 1984), c. 1034,s. 224; 1985, c. 479, s. 189(b); 1985 (Reg. Sess., 1986), c. 1014, s. 49(b);1987, c. 738, s. 27(b); 1987 (Reg. Sess., 1988), c. 1086, s. 22(b); 1989, c.752, s. 41(b); 1989 (Reg. Sess., 1990), c. 1077, ss. 8, 9; 1991 (Reg. Sess.,1992), c. 900, s. 53(c); 1993, c. 321, s. 74(f); 1993 (Reg. Sess., 1994), c.769, s. 7.30(n); 1995, c. 507, s. 7.22(b); 1996, 2nd Ex. Sess., c. 18, s.28.21(b); 1997‑443, s. 33.22(e); 1998‑153, s. 21(b); 1999‑237,s. 28.23(b); 2000‑67, s. 26.20(e); 2001‑424, s. 32.22(b); 2002‑126,s. 28.8(c); 2003‑284, s. 30.17(b); 2004‑124, s. 31.17(b); 2005‑276,s. 29.25(b); 2006‑66, s. 22.18(c); 2007‑323, s. 28.20(b); 2008‑107,s. 26.23(b).)