In a pivotal move, North Carolina lawmakers unveiled a proposal on Wednesday to boost retirement benefits by $231 million for judicial retirees and other former state employees. This initiative, known as House Bill 930, seeks to address the rising cost of living by providing a 3% increase in retirement allowances.
NC Lawmakers Seek $231M Boost For Retired Judges : Comprehensive Benefits Across Various Sectors
The proposed increase would benefit retirees from state agencies, the judicial system, education and legislative bodies, as well as county and municipal governments. Judicial system beneficiaries would include former justices and judges, district attorneys, public defenders, and court administrative officers.
NC Lawmakers Seek $231M Boost For Retired Judges : A Response to Fiscal Challenges
Rep. Deb Butler, D-New Hanover County, a chief proponent of the bill, emphasized the need for this adjustment, stating, “North Carolina retirees have been adversely affected by the lack of cost-of-living raises that align with inflation rates.” She criticized the current fiscal policies under GOP leadership, suggesting that they have led to diminished state revenues. “This bill is my way of showing appreciation for the retirees’ service and acknowledging the challenges they face with the current budget constraints in North Carolina,” Butler added.
