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Code · North Carolina · Chapter 135 — Retirement System for Teachers and State Employees; Social Security; State Health Plan for Teachers and State Employees

§ 135-62. Return of accumulated contributions.

177 words·~1 min read·/nc/chapter-135/135-62

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§ 135-62. Return of accumulated contributions.
(a)Should a member cease membership service otherwise than by death or retirement under the provisions of this Article, he shall, upon submission of an application, be paid, not earlier than 60 days from the date of termination of service, his contributions and the accumulated regular interest thereon, provided that he has not in the meantime returned to service as a judge. Upon payment of such accumulated contributions his membership in the Retirement System shall cease and, if he thereafter again becomes a member, no credit shall be allowed for any service previously rendered, except as otherwise provided in G.S. 135-56.5(a). Any such payment of a member's accumulated contributions shall be in full and complete discharge of any rights in or to any benefits otherwise payable under this Article.
(b)Repealed by Session Laws 1993, c. 531, s. 7. (1973, c. 640, s. 1; 1981, c. 672, s. 4; 1983, c. 467; 1983 (Reg. Sess., 1984), c. 1031, s. 20; 1993, c. 531, s. 7; 2014-88, s. 2(d); 2024-10, s. 18(d).)
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