General assembly of north carolina

SECTION 25.7D.(d) The State Board of Education may adopt salary ranges for noncertified personnel to support increases of one and two tenths percent (1.2%) for the 2012 2013 fiscal year.
STATE AGENCY TEACHERS' COMPENSATION

SECTION 25.7E. Funds in the Reserve for Compensation Increases and Personnel Flexibility shall be used to increase annual salaries, by one and two tenths percent (1.2%), for employees of schools operated by the Department of Public Instruction, the Department of Health and Human Services, and the Department of Public Safety, who are paid on the Teacher Salary Schedule or the School Based Administrator Salary Schedule.
SALARY RELATED CONTRIBUTIONS

SECTION 25.10. Section 29.22(d) of S.L. 2011 145 reads as rewritten:

"SECTION 29.22.(d) Effective July 1, 2012, the State's employer contribution rates budgeted for retirement and related benefits as percentage of covered salaries for the 2012 2013 fiscal year are: (i) fourteen and thirty one hundredths percent (14.31%)fourteen and twenty three hundredths percent (14.23%) – Teachers and State Employees; (ii) nineteen and thirty one hundredths percent (19.31%)nineteen and twenty three hundredths percent (19.23%) – State Law Enforcement Officers; (iii) twelve and sixty six hundredths percent (12.66%) twelve and fifty eight hundredths percent (12.58%) – University Employees' Optional Retirement System; (iv) twelve and sixty six hundredths percent (12.66%)twelve and fifty eight hundredths percent (12.58%) – Community College Optional Retirement Program; (v) thirty one and seventy hundredths percent (31.70%)thirty one and eighty five hundredths percent (31.85%) – Consolidated Judicial Retirement System; and (vi) five and thirty hundredths percent (5.30%) – Legislative Retirement System. Each of the foregoing contribution rates includes five and thirty hundredths percent (5.30%) for hospital and medical benefits. The rate for Teachers and State Employees, State Law Enforcement Officers, Community College Optional Retirement Program, and for the University Employees' Optional Retirement Program includes fifty two hundredths percent (0.52%)forty four hundredths percent (0.44%) for the Disability Income Plan. The rates for Teachers and State Employees and State Law Enforcement Officers include sixteen hundredths percent (0.16%) for the Death Benefits Plan. The rate for State Law Enforcement Officers includes five percent (5%) for Supplemental Retirement Income."
OPTIONAL RETIREMENT SYSTEM/FORFEITURE FUNDS

SECTION 25.11. G.S. 135 5.1(b)(5) reads as rewritten:

"(5) If any participant in the Optional Retirement Program having less than five years of total membership service under any combination of the Teachers' and State Employees' Retirement System, the Local Governmental Employees' Retirement System, the Consolidated Judicial Retirement System, or the Optional Retirement Program leaves the employ of The University of North Carolina and either retires or commences employment with an employer not having a retirement program with the same company underwriting the participant's annuity contract, regardless of whether the annuity contract is held by the participant, a trust, or the Retirement System, the participant's interest in the Optional Retirement Program attributable to contributions of The University of North Carolina shall be forfeited and shall either (i) be refunded to The University of North Carolina and forthwith paid by it to the Retirement System and credited to the pension accumulation fund or (ii) be paid directly to the Retirement System and credited to the pension accumulation fund. forfeited. Consistent with Section 401(a) of the Internal Revenue Code, no part of the corpus or income of the Optional Retirement Program, or any trust established under that Program, may be (within the taxable year or thereafter) used for purposes other than for the exclusive benefit of participants and their beneficiaries, except that contributions made under a good faith mistake of fact may be returned, consistent with the rules adopted by the University."
EXPAND OPTIONAL RETIREMENT PROGRAM FOR UNIVERSITY OF NORTH CAROLINA SYSTEM