The Repeal Risky Retirement Payments Act, as Senate Bill 374 is titled, divides Republicans against Democrats, and pits the N.C. Association of Educators against the State Employees Association of North Carolina. … The bill would repeal two unpredictable retirement payment methods after July 1, 2020. Bill sponsors say those complicated alternatives make it difficult for the Treasurer’s Office and General Assembly to determine how much money to set aside each year to cover the retirement system’s future costs.
Read the full article on: The Laurinburg Exchange (North Carolina)