20 NCAC 02B .0806

20 NCAC 02B .0806. RECALCULATION OF BENEFITS

Last amended: 2023Length: 64 wordsOfficial source
For members already retired who purchase service under G.S. 135-4(f)(6), any recalculation of benefits shall be based on the law in effect at the time of the individual's retirement. The calculation of both the benefit and the cost of the credit shall include the effects of the additional service credit resulting from the purchase and all benefit increases subsequent to the date of retirement.
20 NCAC 02B .0806: 20 NCAC 02B .0806. RECALCULATION OF BENEFITS | Justis AI