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Division: |
Human Resources (HR) |
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Title: |
Standard
Operating Procedures |
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Procedure: |
Disability
Retirement (Faulkenbury) |
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Original Effective
Date: |
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Revised Effective Date: |
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Procedure: Note: A North Carolina Supreme Court ruling rendered
under the Faulkenbury Class Action Lawsuit affects
the calculation of disability benefits for some members of the Teachers’ and
State Employees’ Retirement System. Under the provisions of the Supreme Court
Decision, a member who was vested in the Teachers’ and State Employee’s
Retirement System prior to January 1, 1988, must have an opportunity of
choosing benefits as provided under the Disability Income Plan in the form of
Short-term and Long-term Disability payments, or a disability retirement benefit
calculated on the basis of a statutory formula with service projected to age
65 or to the earliest unreduced retirement date depending on the date the
member became vested, with no offset for Social Security benefits. In order
to comply with the requirements of the Supreme Court Decision, the Retirement
System provides appropriate information to each employee approved for
long-term benefits who is eligible under the provisions of the lawsuit prior
to payment of the long-term disability benefits. 1. It is recommended that
anyone applying for disability retirement (Faulkenbury)
go through his/her employer and apply for short-term first and then apply for
long-term at the end of the short-term period. 2. At the time the long-term
disability is approved, any member that qualifies for the Disability
Retirement will automatically be given a comparison by the Retirement
Division of the benefits between the NC Disability Income Plan and Faulkenbury. 3. The member will then
make the determination of which plan to choose. 4. The member may apply directly
for the disability retirement (Faulkenbury) without
going through the short-term disability period. The following forms are submitted to the
Retirement System, ·
Application for Retirement (Form 6) ·
Authorization for Direct Deposit (Form 170) ·
Health Insurance Enrollment (Form HM) ·
Medical Report (Form 7A) ·
Job Description ·
Timesheet |
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