North Carolina Administrative Code (Last Updated: November 13, 2014) |
TITLE 20. STATE TREASURER |
CHAPTER 02. RETIREMENT SYSTEMS |
SUBCHAPTER M. CONTRIBUTORY DEATH BENEFIT FOR RETIRED MEMBERS |
20 NCAC 02M .0201. ELIGIBILITY TO ELECT COVERAGE
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(a) A retired member in receipt of a monthly retirement allowance as a former teacher, employee or official of more than one of the retirement systems is eligible to elect coverage under each retirement system from which the member receives a retirement benefit; however, if a retired member is receiving more than one retirement benefit from the same retirement system, he may elect coverage only on the basis of one retirement benefit.
(b) A former teacher, employee or official in receipt of disability benefits from the Disability Income Plan of North Carolina is not in receipt of a retirement allowance and is not eligible to elect coverage under the Contributory Death Benefit for Retired Members until such time as the disability benefit is converted to an unreduced service retirement allowance.
History Note: Authority G.S. 120‑4.10; 120‑4.27; 128‑27(l2); 128‑28(g); 135‑5(l);
135‑6(f); 135‑64(g);
Eff. February 1, 1989.