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N.C. Senate Tax, Budget Plans Bad for North Carolina
RALEIGH, N.C. -- The North Carolina Senate's $20.6 billion budget proposal released Sunday night would put our state's priorities in the wrong place while devaluing vital public services and the people who provide them.
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31st
Board of Governors Meeting
2012-13 Board of Governors Meeting
May 31-June 1, 2013
SEANC Central Office in Raleigh
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Retirement
Retirement Systems Update: Members Can Now Transfer Funds for a Lifetime Benefit
The Bailey Case - An explanation of the case and its history.
Bailey Settlement Economic Impact Study - the positive economic impact of extending the Bailey Settlement to all government retirees.
Recent State Employee Benefit History
| Year | COLA | Retiree Formula |
State Retirement Contribution |
Employee Retirement Contribution |
| 2001 | 2.0% | 1.81% | 1.97% | 6.0% |
| 2002 | 2.0% | 1.82% | 0% | 6.0% |
| 2003 | 1.28% | 1.82% | 0.22% | 6.0% |
| 2004 | 1.7% | 1.82% | 2.17% | 6.0% |
| 2005 | 2.0% | 1.82% | 2.34% | 6.0% |
| 2006 | 3.0% | 1.82% | 2.66% | 6.0% |
| 2007 | 2.2% | 1.82% | 3.05% | 6.0% |
| 2008 | 2.2% | 1.82% | 3.36% | 6.0% |
| 2009 | 0% | 1.82% | 3.57% | 6.0% |
| 2010 | 0% | 1.82% | 3.57% | 6.0% |
| 2011 | 0% | 1.82% | 4.93% | 6.0% |