H120
Type: B Origin: House North Carolina Comments: 0

Govt. Retirement/No Vacation Leave Spiking

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This bill aims to prevent government employees from artificially inflating their retirement benefits by receiving lump-sum payments for unused vacation time. It seeks to curb the practice known as "vacation leave spiking" by limiting the amount of unused vacation time that can be factored into pension calculations. The bill intends to ensure fiscal responsibility and fairness in government retirement systems by restricting this practice that can lead to increased pension costs for taxpayers.

Bill Activity

  • 2023-02-14: Filed

  • 2023-02-15: Passed 1st Reading

  • 2023-02-15: Ref to the Com on Pensions and Retirement, if favorable, State Personnel, if favorable, Rules, Calendar, and Operations of the House

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