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Read. Follow. Verify.North Carolina House Bill 476 Modifies Department of State Treasurer Administrative Rules and Retirement Systems
Last action · June 26, 2025: Ch. SL 2025-19Sponsors: Carson Smith and 3 others
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What This Bill Would Do
House Bill 476 makes technical corrections and administrative changes to laws governing the Department of State Treasurer, including extending charter school provisional retirement entry periods, transferring reversal authority to the Board of Trustees, clarifying out-of-state attorney fees, modifying ABLE program account rules, and updating statutory references.
The legislation alters administrative oversight for state and local retirement systems, changes the entity responsible for deciding reversals for convicted members, and adjusts procedures for charter school participation in state retirement plans.
- The Department of State Treasurer administers state retirement systems and financial programs in North Carolina. context
- Charter schools in North Carolina may participate in the Teachers' and State Employees' Retirement System under specific statutory conditions. context
Who It Would Affect
Groups the bill's text would affect if enacted, as described in the record. Being affected is not a position for or against it.
Charter schools
Charter schools undergo actuarial and financial reviews and may receive extensions of their provisional entry period in the Teachers' and State Employees' Retirement System.
Retirement system members and beneficiaries
Members subject to benefit forfeiture rules have their reversal applications evaluated by the Board of Trustees instead of the State Treasurer.
Out-of-state attorneys
Attorneys admitted to practice in North Carolina forums under limited practice rules must submit specified fees to clerks of court or administrative agencies.
Local government finance officers
Finance officers and local government managers are subject to mandatory education and training requirements upon receiving unit letters or audit findings.
Key Facts
- Charter schools seeking to join the Retirement System may have their provisional entry extended by the Board of Trustees by up to two additional years following an actuarial and financial review.
- Authority to determine whether to reverse benefit forfeitures due to felonious conduct is transferred from the State Treasurer to the Board of Trustees across four retirement systems.
- Out-of-state attorneys appearing in North Carolina proceedings must pay a $225 fee, with $200 remitted to the Administrative Office of the Courts and $25 transmitted to the North Carolina State Bar.
- County managers and city managers must receive a minimum of six clock hours of education upon the occurrence or within six months of the Local Government Commission exercising authority under Article 11 of Chapter 159 or issuing a unit letter.
Show all 6 facts
- The Local Government Commission may require finance officers to participate in training under specified circumstances, including internal control weaknesses or failure to meet minimum qualifications.
- Reemployed retired beneficiaries under the Teachers' and State Employees' Retirement System are subject to earnings limits based on 50 percent of reported compensation or twenty thousand dollars, whichever is greater.
Frequently Asked Questions
Who now decides whether to reverse a retirement benefit forfeiture resulting from felonious conduct?
What happens to a charter school's provisional entry period in the retirement system?
Where does the fee paid by out-of-state attorneys go?
When must the State file a claim for medical assistance repayment from a deceased ABLE account beneficiary's funds?
What else do you want to know?
News Coverage
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Votes, people, money & the original sourceWhere This Stands
Currently passed both. The next step in the legislative lifecycle is Law.
Procedural history
33 actions- Jun 17, 2025HouseOrdered Enrolled
- Jun 17, 2025HouseConcurred In S Com Sub
- Jun 16, 2025HousePlaced On Cal For 06/17/2025
- Jun 16, 2025HouseCal Pursuant 36(b)
- Jun 12, 2025HouseRegular Message Received For Concurrence in S Com Sub
- Jun 12, 2025SenateRegular Message Sent To House
Show 27 earlier actions
- Jun 11, 2025SenatePassed 3rd Reading
- Jun 11, 2025SenatePassed 2nd Reading
- Jun 10, 2025SenateReptd Fav
- Jun 3, 2025SenateRe-ref Com On Rules and Operations of the Senate
- Jun 3, 2025SenateCom Substitute Adopted
- Jun 3, 2025SenateReptd Fav Com Substitute
- May 20, 2025SenateRe-ref Com On Judiciary
- May 20, 2025SenateCom Substitute Adopted
- May 20, 2025SenateReptd Fav Com Substitute
- May 19, 2025SenateRe-ref to Pensions and Retirement and Aging. If fav, re-ref to Judiciary. If fav, re-ref to Rules and Operations of the Senate
- May 19, 2025SenateWithdrawn From Com
- Apr 30, 2025SenateRef To Com On Rules and Operations of the Senate
- Apr 30, 2025SenatePassed 1st Reading
- Apr 30, 2025SenateRegular Message Received From House
- Apr 30, 2025HouseRegular Message Sent To Senate
- Apr 29, 2025HousePassed 3rd Reading
- Apr 29, 2025HousePassed 2nd Reading
- Apr 28, 2025HousePlaced On Cal For 04/29/2025
- Apr 28, 2025HouseCal Pursuant Rule 36(b)
- Apr 28, 2025HouseReptd Fav
- Apr 15, 2025HouseRe-ref Com On Rules, Calendar, and Operations of the House
- Apr 15, 2025HouseReptd Fav
- Apr 9, 2025HouseRe-ref Com On Judiciary 1
- Apr 9, 2025HouseReptd Fav Com Substitute
- Mar 24, 2025HouseRef to the Com on Pensions and Retirement, if favorable, Judiciary 1, if favorable, Rules, Calendar, and Operations of the House
- Mar 24, 2025HousePassed 1st Reading
- Mar 20, 2025HouseIntroducedFiled
Version history
Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.
View official text →Lobbying Activity
No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.
Full breakdown
Who this bill affects and the strongest case for and against it, written only from the bill’s own text.
Sponsors
Discoveries
Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.
Transfer of Forfeiture Reversal Authority
Administrative authority for deciding benefit forfeiture reversals is shifted from an elected official (State Treasurer) to a multi-member board (Board of Trustees).
Connected Entities
Sources
www.ncleg.gov
Analysis Score
0–100- Significance50How much this matters to a regular citizen
- Controversy15Intensity of disagreement among stakeholders
- Entertainment5Compellingness for a non-policy-wonk reader
- Buzz15Current news / social attention level
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