20 NCAC 02B .1003. PRIOR SERVICE WITH GENERAL ASSEMBLY

(a)  Employees eligible under S.L. 1979, Ch. 698 to purchase such service may make application to purchase prior service as a full‑time employee of the General Assembly for which membership credit was not previously allowed.

(b)  The Legislative Services Officer shall certify to the retirement system that the applicant was a full‑time employee during the period for which the application is made.  The said certification shall also certify the total hours and salary paid in each month.  Provided, however, if the Legislative Services Officer certified that the monthly data is not available, he may certify the data in the form in which it is available.

(c)  If earnings and service are certified on a monthly basis, compute the required contributions and earned service in the same manner as would have been calculated if paid at that time.

(d)  If earnings and service are not certified on a monthly basis, compute the required contribution at the highest rate in effect during the period for which certified.  Allow one month of service for each 20 days.  To the extent possible, integrate periods of service to be purchased with intervening periods of membership service.

(e)  Fractional months of service for multiple service period being certified shall be added together to determine the total allowable service.  Remaining fractional months in excess of one‑half shall be considered to be a full month.

(f)  Regular interest, as provided for in G.S. 135‑7(b), shall be calculated and charged through the year of purchase.

(g)  An administrative fee of $25.00 shall be collected at the time application is made to purchase service.

(h)  No person shall purchase less than the total service for which they are eligible.

 

History Note:        Authority G.S. 135‑4(j1); 135‑6(f);

Eff. October 29, 1979.