Orange County NC Website
(3) To participate, an eligible employee completes the appropriate enrollment form. <br /> (4) Employees are eligible for coverage effective the date of appointment to the permanent position and <br /> enrollment in the retirement system . Contributions are suspended for any pay period in which the <br /> employee is in leave without pay status for that pay period . At termination, the County's supplemental <br /> retirement contribution ends. <br /> (j ) Additional Retirement Benefits for Law Enforcement Officers. In accordance with N .C. Gen. Stat. § 143466.70 <br /> additional retirement benefits are provided for Local Law Enforcement Officers . <br /> (1) Local governments are required to provide contributions to the Special Retirement Income Program <br /> (401K Plan) for local law enforcement officers as follows : <br /> 2% of salary amount in F.Y. 1987 - 1988 <br /> 5% of salary amount in F.Y. 1988 - 1989 and thereafter <br /> (2) Special Separation Allowance. Local governments are required to pay a special separation allowance to <br /> sworn local law enforcement officers in accordance with N .C. Gen. Stat. § 143-166.42. Eligibility criteria <br /> for the traditional and 30-year fixed benefit options require a sworn law offer to satisfy the following: <br /> a . Traditional LESSA Benefit Option <br /> 1s aFe at least age SS andRetire under the Local Governmental Employees' Retirement <br /> System (LGERS), <br /> 2 . At retirement, have fivea least 30 years of creditable service, or be at least age 55 with <br /> at least 5 years of creditable service orior to retirement <br /> 3 . Have at least 5 years of continuous service as a law enforcement officer-, -of immediately - - - - - - Formatted: List 2 <br /> preceding retirement. <br /> 2 hay 4 . Retire prior to reaching age 62, and <br /> 5 . Have at least 39-yeafs50% of total creditable service ' egaFd 'ss of age be in a law <br /> enforcement officer position . <br /> b. 30-year Fixed Benefit Option <br /> 1 . Retire under the Local GoveF^ ^F ^ Fi« gmple• •eess 'Governmental Employees' Retirement <br /> System with aleast 50 peKe ( LGERS) on or after July 1, 2025, <br /> 2 . By age 62, have 30 years of thatcreditable service-being, <br /> 3 . Have a least 5 vears of continuous service as a law enforcement officer immediately <br /> preceding retirement, and <br /> 4 . Have at least 50% of total creditable service be in a law enforcement- position . ' - - - - - - Formatted: List 2 <br /> b c Election is irrevocable once made If no election is made the 30-Year Fixed Option applies by <br /> default. <br /> d . Creditable service means service for which a credit is allowed under LGERS. <br /> e. Termination of Benefits. If the law enforcement officer meets one of the two criteria in <br /> Subsection 28-380)(2) the officer is entitled to a special separation allowance from retirement <br /> until : <br /> Created: 2e23-12-19 09: 11 : 24 ( EST] <br /> (Supp. No. 14) <br /> Page 2 of 5 <br />