§ 135-92. Membership.

279 words·~1 min read·/nc/chapter-135/135-92

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)The membership eligibility of the Supplemental Retirement Income Plan shall consist of any of the following individuals who voluntarily elect to enroll in the Plan:

(1)Members of the Teachers' and State Employees' Retirement System.

(2)Members of the Consolidated Judicial Retirement System.

(3)Members of the Legislative Retirement System.

(4)Members of the Local Governmental Employees' Retirement System.

(5)Law enforcement officers as defined under G.S. 143-166.30 and G.S. 143-166.50.

(6)Participants in the Optional Retirement Program provided for under G.S. 135-5.1.

(7)Members of retirement and pension plans sponsored by political subdivisions of the State so long as such plans are qualified under Section 401(a) of the Internal Revenue Code of 1986 as amended.

(8)Individuals required under the Internal Revenue Code to be eligible for participation in the Plan.

(9)Employees of the University of North Carolina Health Care System.

(10)Part-time and full-time employees of an employer that has one or more employees eligible for the Plan pursuant to subdivisions

(1)through

(9)of this subsection.

(11)Part-time and full-time employees of a State agency or institution, or any of its political subdivisions, that, with the consent of the Board of Trustees, has elected to allow its employees to enroll in the Plan.

(b)The membership of any person in the Supplemental Retirement Income Plan shall cease upon any of the following:

(1)The withdrawal of a member's accumulated account.

(2)Retirement under the provisions of the Supplemental Income Retirement Plan.

(3)Death. (1983 (Reg. Sess., 1984), c. 975; 1985, c. 403, s. 2; 1989 (Reg. Sess., 1990), c. 948, s. 1; 2020-48, s. 1.3(b); 2024-1, s. 1.7(k); 2024-8, s. 7(a).)