Labor & Employment

This bill creates a voluntary program allowing businesses in North Carolina to contribute to portable benefit accounts for their independent contractors. The plan enables hiring parties to fund benefits such as health insurance, retirement, and disability through a third-party administrator, which helps contractors maintain coverage when moving between jobs. To encourage participation, the legislation allows businesses to deduct contributions as business expenses and permits contractors to exclude those amounts from their taxable income. Additionally, the bill includes a $100,000 appropriation to fund public education about the program, which will take effect on July 1, 2026.

HB 37 standardizes monthly pension benefits for North Carolina firefighters and rescue squad workers under the state pension fund. It sets a uniform $175 monthly pension for members with 20+ years of service who reach age 55, replaces the previous $180 amount, and maintains $175 for disability benefits and line-of-duty death benefits. The bill also allows members affected by city annexations or department closures to continue contributing $15 monthly until they reach 20 years of service for pension eligibility. These changes apply to current and future members of the pension fund who meet the service requirements. The bill does not alter contribution rates or eligibility for most members but adjusts benefit amounts and extends certain provisions.