25 NCAC 01C .1003         RETIREMENT

An employee may retire when he is eligible and applies for immediate retirement benefits from the Teachers' and State Employees' Retirement System or the Law Enforcement Officers' Benefit and Retirement Fund.  Employees are paid in a lump sum for accumulated vacation leave.

History Note:        Authority G.S. 126-4;

Eff. February 1, 1976;

Amended Eff. November 1, 1988; February 1, 1983;

Recodified from 25 NCAC 01D .0503 Eff. December 29, 2003;

Pursuant to G.S. 150B-21.3A, rule is necessary without substantive public interest Eff. October 28, 2014.