S719 - Retirement Tech./Protect./& Other Changes. (SL 2020-48)

Overview: S.L. 2020-48 amends statutes pertaining to the following: Teacher's and State Employees' Retirement System (TSERS), the Local Governmental Employees' Retirement System (LGERS), the Consolidated Judicial Retirement System (CJRS), the Legislative Retirement System (LRS), the Supplemental Retirement Income Plan, the Achieving A Better Life Experience (ABLE) Program Trust, the NC National Guard Pension Fund, North Carolina Public School Teachers’ and Professional Educators’ Investment Plan, local government finance, 403(b) administrative costs, Unfunded Liability Solvency Reserve and Health Benefit Fund, Escheats, Unclaimed Property, and separate insurance benefit plan offerings.

Except as otherwise provided this act became effective June 26, 2020. See the full summary for details.