S257 - 2026 Appropriations Act. (SL 2026-41)

Session Year 2024

Overview: Section 41.28 of S.L. 2026‑41 (Senate Bill 257) increases the monthly pension benefit for qualifying members and former members of the North Carolina National Guard from $105.00 to $110.00, with an additional $11.00 per month for each additional year of creditable military service. The total amount of the benefit is not to exceed $220.00 per month.

This section becomes effective January 1, 2027, and applies to pension benefit amounts payable from the North Carolina National Guard Pension Fund (Pension Fund) due to a qualifying member on or after January 1, 2027. If a member becomes eligible to receive a pension benefit from the Pension Fund on or before December 31, 2026, but the pension benefit amount is paid from the Pension Fund on or after January 1, 2027, then the pension benefit amount due to the member must be the amount applicable to the pension benefit amount that was effective for each respective month to which the benefit applies.

Additional Information: