STATE EMPLOYEES ASSOCIATION OF NORTH CAROLINA
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Retirement


2010 Retiree Council Legislative Agenda
  • Seek continuation of a fully paid health care benefit for active qualified employees and retired employees.
  • Seek restoration of the employer's contribution to the Teachers' and State Employees' Retirement System to at least match the employee contribution of 6%.
  • SEANC endorses the repeal of G.S. §95-98 and supports the enactment of legislation to govern collective bargaining by North Carolina public employees; further SEANC will seek to amend G.S. §143-3.3(g) and G.S. §135-18.8 to delete language that voids dues deduction from payroll or from a retirement benefit if an employees' or retirees' association engages in collective bargaining.
  • Seek an increase in the retirement accrual rate to 2.0 to provide employees with 60 percent of their final compensation upon 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%