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Administrative – Public Employees – Retirement Fund – Anti-Pension Spiking Statute – Rulemaking Requirement (access required)

We affirm the Court of Appeals’ decision for the reasons stated in Cabarrus Cty. Bd. of Educ. v. Dep’t of State Treasurer, No. 369PA18 (N.C. Apr. 3, 2020) (Lawyers Weekly No. 010-040-20: When the General Assembly passed G.S. § 135-5(a3) to protect the state Retirement System from pension spiking (i.e., pensions that would be significantly ...

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