NC General Statutes

N.C. Gen. Stat. § 135-18.4 (2026)

Reservation of power to change

✓ current as of July 2026
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The General Assembly reserves the right at any time and from time to time, and if deemed necessary or appropriate by said General Assembly in order to coordinate with any changes, in the benefit and other provisions of the Social Security Act made after January 1, 1955, to modify or amend in whole or in part any or all of the provisions of the Teachers' and State Employees' Retirement System of North Carolina. (1955, c. 1155, s. 8.)

 

§ 135-18.5: Repealed by Session Laws 2020-48, s. 1.12(g), effective June 26, 2020.

 

§ 135-18.6.  Termination or partial termination; discontinuance of contributions.

In the event of the termination or partial termination of the Retirement System or in the event of complete discontinuance of contributions under the Retirement System, the rights of all affected members to benefits accrued to the date of such termination, partial termination, or discontinuance, to the extent funded as of such date, or the amounts credited to the members' accounts, shall be nonforfeitable and fully vested. (1987; c. 177, s. 1(a), (b).)

 

Notes of Decisions
Cited in 2 cases, 1997–1997 · leading case: Faulkenbury v. Teachers' & State Employees' Ret. Sys., 483 S.E.2d 422 (N.C. 1997).
Faulkenbury v. Teachers' & State Employees' Ret. Sys., 483 S.E.2d 422 (N.C. 1997). · cites it 3× “§ 128-38 (1995) (local government employees); N.C.G.S. § 135-18.4 (1995) (state government employees).”
Faulkenbury v. Teachers'& State Emp. Ret. Sys., 483 S.E.2d 422 (N.C. 1997). · cites it 3× “4, which provide: The General Assembly reserves the right at any time and from time to time, and if deemed necessary or appropriate by said General Assembly in order to coordinate with any changes in the benefit and other provisions of the Social Security Act made after January…”
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