LEO Special Separation Allowance Options.

SB 320 creates an additional retirement allowance for North Carolina state and local law enforcement officers who retire after meeting specific service and age requirements. Eligible officers with at least 30 years of service (or 55+ with 5+ years) under age 62 can choose between two calculation methods for their annual allowance: one based on their current pay rate and service, or one based on their pay rate at 30 years of service. The allowance, paid monthly from state funds, stops upon the officer’s death, reaching age 62 (for the first method), or meeting a time-based condition (for the second method). This change supplements retirement income without affecting other retirement benefits or salary increases.