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Agenda - 06-16-2009 - 6-2-b
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Agenda - 06-16-2009 - 6-2-b
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Last modified
7/27/2009 10:59:18 AM
Creation date
6/16/2009 2:46:40 PM
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BOCC
Date
6/16/2009
Meeting Type
Regular Meeting
Document Type
Agenda
Agenda Item
6-2-b
Document Relationships
Minutes - 20090616
(Linked From)
Path:
\Board of County Commissioners\Minutes - Approved\2000's\2009
ORD-2009-115 - Fiscal Year 2009-10 Personnel Ordinance Changes
(Linked From)
Path:
\Board of County Commissioners\Ordinances\Ordinance 2000-2009\2009
RES-2009-057 A Significant Financial Crisis Exists
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2009
RES-2009-057 Resolution Determining a Significant Financial Crisis Exists in Orange County
(Linked From)
Path:
\Board of County Commissioners\Resolutions\2000-2009\2009
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8 <br />5. RETIREMENT ELIGIBILITY <br />The table below summarizes eligibility requirements. Please refer to the North Carolina Retirement <br />System at www.myncretirement.com or 919-807-3050 for more detailed information. <br />Unreduced Benefit Reduced Benefit <br />Employees, Law Employees, Law <br />excluding Law Enforcement excluding Law Enforcement <br />Enforcement Officers (LEO) Enforcement Officers <br />Officers Officers (LEO) <br />Thirty (30) or Thirty (30) or At least age 50 At least age <br />more years of more years of with at least 20 50 with 15 <br /> <br />creditable creditable ser- <br />years of years of <br />service, vice, <br />regardless of creditable creditable <br />service as an <br />regardless of age a e service officer <br />At least age 60 At least age 55 At least age 60 <br />with at least 25 with 5 years of with at least 5 <br />years of creditable creditable years of <br />service service as an creditable <br /> officer service <br />At least age 65 <br />with at least 5 <br />years of creditable <br />service <br />Sick leave may be applied to creditable service in accordance with the <br />provisions of the North Carolina Local Governmental Employees' <br />Retirement System. <br />6. RETIREMENT APPLICATION PROCESS <br />The North Carolina Local Governmental Employees' Retirement System recommends that employees <br />submit applications for retirement at least 90 to 120 days before the retirement effective date in order to <br />timely receive initial retirement benefits to ensure timely payment of the first monthly benefit. <br />Applications cannot be submitted more than 120 days prior to the retirement effective date. <br />Employees who elect to participate in the Retirement Incentive Program and meet all program <br />requirements are required to submit an application for retirement to the NCLGERS no later than one <br />day prior to the chosen effective date. Eligible employees are encouraged to visit the Retirement <br />System website prior to contacting the Human Resources Department for additional information. <br />7. REEMPLOYMENT <br />An employee electing to participate in the Program shall not be eligible for reemployment with the <br />County as a permanent or provisional employee. <br />3 <br />
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