20 N.C. Admin. Code 2B.0201

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

Section 02B .0201 - AVERAGE FINAL COMPENSATION

The term "consecutive calendar years" is defined for the purpose of determining retirement allowances as a period of time consisting of a number of calendar months of creditable service equal to 12 times the number of years specified by statute during which the highest total compensation was earned, adjusted proportionally to the regular term of annual employment.

20 N.C. Admin. Code 02B .0201

Authority G.S. 135-6(f); 135-1(5);
Eff. February 1, 1976;
Readopted Eff. September 21, 1977.

Authority G.S. 135-6(f); 135-1(5);
Eff. February 1, 1976;
Readopted Eff. September 21, 1977.