A BILL TO BE ENTITLED
AN ACT to extend the exemption for the phased retirement program from the revised definition of retirement.
The General Assembly of North Carolina enacts:
SECTION 1.  Section 29.28(f) of S.L. 2005‑276, as amended by Section 22.21 of S.L. 2006‑66, reads as rewritten:
"SECTION 29.28.(f)  Subsections (a) and (b) of this section become effective August 1, 2005. Subsection (e) of this section becomes effective November 1, 2005, but does not apply to participants in The University of North Carolina Phased Retirement Program until August 31, 2013. The remainder of this section becomes effective June 30, 2005." 
SECTION 2.  This act becomes effective July 1, 2009.