20 NCAC 02B .0214          RETROACTIVE MEMBERSHIP SERVICE

(a)  A member omitted from contributing membership through error may within three years of such omission be allowed membership service, after clear and convincing evidence of the error is submitted to the director, by payment of the employee and employer contributions which would have been paid during the period of time omitted plus interest on both equal to the average yield of the pension accumulation fund during the period of time omitted.

(b)  A member omitted from contributing membership through error may after three years of such omission be allowed membership service, after clear and convincing evidence of the error is submitted to the director, by payment of the full actuarial liability for the additional service in the same manner prescribed in 20 NCAC 2B .1200, Delayed Purchase Of Service Credits.

 

History Note:        Authority G.S. 135‑3(1); 135‑6(f);

Eff. June 1, 1984.