GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2001
H	2
HOUSE BILL 999
Committee Substitute Favorable 6/25/01

Short Title:	Amend Membership Requirements.	()	
Sponsors:	     	
Referred to:	     	
April 9, 2001

A BILL TO BE ENTITLED
AN ACT to change the membership requirements of the legislative retirement system and to eliminate certain prohibitions on receiving benefits under that system.

The General Assembly of North Carolina enacts:
SECTION 1.  G.S. 120‑4.11 reads as rewritten:
"§ 120‑4.11.  Membership.
The following members of the General Assembly and former members of the General Assembly are eligible for membership in the Retirement System:
(1)	Members of the General Assembly who serve on and after June 15, 1983; and
(2)	Former members of the General Assembly who served prior to June 15, 1983; and
a.	Who elect to transfer current and future entitlements, or contributions, from the Legislative Retirement Fund established by Chapter 1269 of the 1969 Session Laws; or
b.	Who have five or more years of service as a member of the General Assembly."
SECTION 2.  G.S. 120‑4.21(c) reads as rewritten:
"(c)	Limitations. – In no event shall any member receive a service retirement allowance greater than seventy‑five percent (75%) of his 'highest annual salary'."
SECTION 3.  G.S. 120‑4.22(d) reads as rewritten:
"(d)	Limitations. – In no event shall any member receive a disability retirement allowance greater than seventy‑five percent (75%) of his 'highest annual salary'."
SECTION 4.  This act is effective when it becomes law.