September 20, 2023
Tuesday night, legislative leadership from both the House and Senate chambers announced that they had reached a $30 billion budget agreement after a weeks-long stalemate between the two chambers. The budget includes a 4 percent bonus for retired teachers and state government employees. This 4 percent bonus will be distributed in November 2023. Retirees may receive an additional bonus or a cost-of-living adjustment next year in the 2024 legislative short session. The 2020-2022 biennium budget included bonuses totaling 6 percent for state employees, including the additional 4% awarded in the legislature’s short session last year.
The executive leadership and board of NCRGEA wish to thank the legislature for its work to provide inflation-negating money for our state’s deserving retirees. We also want to thank the many legislative champions who fought determinedly on behalf of more than 250,000 state retirees who taught, served, or protected the people of North Carolina and continue to contribute to society and their local economies in meaningful ways. While it looks like this chapter is successfully ending, our work for local government retirees continues in conjunction with the Local Government Employees’ Trustees Board and related organizations. We will never cease to strongly advocate for all government retirees in North Carolina.