North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 20. STATE TREASURER |
CHAPTER 02. RETIREMENT SYSTEMS |
SUBCHAPTER C. LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM |
20 NCAC 02C .1201. SERVICE RETIREMENT
Latest version.
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(a) Policemen and firemen who attain age 55 while in service and are subsequently discharged or leave service without filing application for service retirement, will be permitted to do so at a later date since they have a vested right to a retirement allowance.
(b) Benefits will begin at the proper time after the application is filed and will not be retroactive to the date of separation. The same rule applies to general employees who attain age 60 while in service and leave service thereafter without filing application for retirement.
History Note: Authority G.S. 128‑24(4)a.; 128‑28(g);
Eff. February 1, 1976;
Readopted Eff. September 21, 1977.