20 N.C. Admin. Code 2A.0505

Current through Register Vol. 39, No. 11, December 2, 2024

Section 02A .0505 - ADMINISTRATIVE FEES FOR SERVICE PURCHASES

(a) This Rule applies to the purchase of creditable service whenever a statutory provision prescribes that the calculation of the amount payable shall include an administrative fee to be set by the Board.

(b) An administrative fee in the amount of twenty-five dollars ($25.00) for each payment shall be assessed, as provided by law, against members at the time of purchase.

20 N.C. Admin. Code 02A .0505

Authority G.S. 58-86-45; 120-4.15; 120-4.16; 128-26; 128-28(g); 135-4; 135-6(f); 135-56;
Eff. March 1, 2023.

Authority G.S. 58-86-45; 120-4.15; 120-4.16; 128-26; 128-28(g); 135-4; 135-6(f); 135-56.

Amended by North Carolina Register Volume 37, Issue 19, April 3, 2023 effective 3/1/2023.