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H90 • 2025

State & Local Gov't Retirees COLA.

State & Local Gov't Retirees COLA.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Logan, Wheatley, Butler, Majeed, Ager, Baker, Ball, Belk, G. Brown, T. Brown, Buansi, Budd, Carney, Carver, Cervania, Cohn, Colvin, Crawford, Dahle, Greenfield, Harrison, F. Jackson, Jeffers, Johnson-Hostler, A. Jones, Liu, Lofton, Longest, Lopez, Lowery, Morey, Moss, G. Pierce, R. Pierce, Prather, Price, Quick, Roberson, Rubin, von Haefen, Ward, White
Last action
2025-02-11
Official status
Ref To Com On Rules, Calendar, and Operations of the House
Effective date
2025-07-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

State & Local Gov't Retirees COLA.

State & Local Gov't Retirees COLA.

What This Bill Does

  • State & Local Gov't Retirees COLA.

Limits and Unknowns

  • This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

  1. 2025-02-11 House

    Ref To Com On Rules, Calendar, and Operations of the House

  2. 2025-02-11 House

    Passed 1st Reading

  3. 2025-02-10 House

    Filed

Official Summary Text

State & Local Gov't Retirees COLA.

Current Bill Text

Read the full stored bill text 
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 90

Short Title: State & Local Gov't Retirees COLA. (Public)
Sponsors: Representatives Logan, Wheatley, Butler, and Majeed (Primary Sponsors).
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Rules, Calendar, and Operations of the House
February 11, 2025
*H90-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO PROVIDE AN D APPROPRIATE FUNDS FOR A COST -OF-LIVING 2
ADJUSTMENT FOR RETIR EES OF THE TEACHERS' AND STATE EMPLOYEES ' 3
RETIREMENT SYSTEM, THE CONSOLIDATED JUDICIAL RETIREMENT SYSTEM, 4
THE LEGISLATIVE RETIREMENT SYSTEM, AND T HE LOCAL GOVERNMENTAL 5
EMPLOYEES' RETIREMENT SYSTEM. 6
The General Assembly of North Carolina enacts: 7
SECTION 1.(a) G.S. 135-5 is amended by adding a new subsection to read: 8
"(aaaa) Effective July 1, 202 5, the retirement allowance payable to, or on account of, 9
beneficiaries whose retirement commenced on or before July 1, 202 4, is increased by t hree 10
percent (3%) of the allowance payable on June 1, 2024, in accordance with subsection (o) of this 11
section. Effective July 1, 202 5, the retirement allowance payable to, or on account of, 12
beneficiaries whose retirement commenced after July 1, 202 4, but before June 30, 20 25, is 13
increased by a prorated amount of t hree percent (3%), as determined by the Board of Trustees 14
based upon the number of months that a retirement allowance was paid between July 1, 202 4, 15
and June 30, 2025." 16
SECTION 1.(b) G.S. 135-65 is amended by adding a new subsection to read: 17
"(ll) Effective July 1, 202 5, the retirement allowance payable to, or on account of, 18
beneficiaries whose retirement commenced on or before July 1, 202 4, is increased by t hree 19
percent (3%) of the allowance payable on June 1, 202 4. Effective July 1, 202 5, the retirement 20
allowance payable to, or on account of, beneficiaries whose retirement commenced after July 1, 21
2024, but before June 30, 20 25, is increased by a prorated amount of t hree percent (3%), as 22
determined by the Board of Trustees based upon the number of months that a retirement 23
allowance was paid between July 1, 2024, and June 30, 2025." 24
SECTION 1.(c) G.S. 120-4.22A is amended by adding a new subsection to read: 25
"(ff) In accordance with subsection (a) of this section, effective July 1, 2025, the retirement 26
allowance payable to, or on account of, beneficiaries whose retirement commenced on or before 27
January 1, 2025, is increased by t hree percent (3%) of the allowance payable on June 1, 202 5. 28
Effective July 1, 2025, the retirement allowance payable to, or on account of, beneficiaries whose 29
retirement commenced after January 1, 2025, but before June 30, 2025, is increased by a prorated 30
amount of three percent (3%), as determined by the Board of Trustees based upon the number of 31
months that a retirement allowance was paid between January 1, 2025, and June 30, 2025." 32
SECTION 1.(d) G.S. 128-27 is amended by adding a new subsection to read: 33
"(hhh) Effective July 1, 202 5, the retirement allowance payable to, or on account of, 34
beneficiaries whose retirement commenced on or before July 1, 202 4, is increased by three 35
General Assembly Of North Carolina Session 2025
Page 2 House Bill 90-First Edition
percent (3%) of the allowance payable on June 1, 2025, in accordance with subsection (k) of this 1
section. Effective July 1, 20 25, the retirement allowance payable to, or on account of , 2
beneficiaries whose retirement commenced after July 1, 20 24, but before June 30, 20 25, is 3
increased by a prorated amount of three percent (3%), as determined by the Board of Trustees 4
based upon the number of months that a retirement allowance was paid between July 1, 20 24, 5
and June 30, 2025." 6
SECTION 2. There is appropriated from the General Fund to the Reserve for Retiree 7
Cost-of-Living Adjustments the sum of two hundred fifty million dollars ($250,000,000) in 8
recurring funds for the 2025-2026 fiscal year to implement Section 1 of this act. 9
SECTION 3. This act becomes effective July 1, 2025. 10