2026 DST Admin/Technical/Clarifying Changes.-AB

This North Carolina bill proposes administrative updates to state retirement laws, primarily affecting teachers, state employees, and local government workers. It reinstates previously forfeited military service credits for eligible employees who purchase that service back, ensuring their retirement calculations reflect their full career history. Additionally, the legislation protects fully contributory death benefits from being reduced to cover any overpayments or errors in other retirement benefits. The bill also introduces a contribution-based benefit cap for future retirees, which would limit pension payouts to a specific percentage of contributions to ensure long-term financial sustainability.