25 NCAC 01M .0105. COMPENSATION

(a)  All employees maintain the same salary and employment benefits during the interchange unless provided for otherwise by the written agreement.

(b)  An assigned employee's retirement contributions and employer retirement contributions would continue as though the employee were at his normal duty station.

(c)  In order to maintain retirement benefits, an employee on leave of absence without pay would need to make monthly contributions based on his compensation; in addition, the employer contributions would be paid by the sending agency.  The sending agency may recover these funds from the receiving agency, depending on the negotiated terms of the agreement.

(d)  Under either type of interchange, the employee would be considered as in service for the death benefit provisions regardless of whether he continued contributions while on leave without pay.

 

History Note:        Authority G.S. 126‑58;

Eff. January 1, 1978;

Amended Eff. August 1, 1979.