Bill Text: NC H581 | 2011-2012 | Regular Session | Chaptered
Bill Title: Amend Lumberton Firemen's Pension Fund
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Passed) 2011-06-15 - Ch. SL 2011-143 [H581 Detail]
Download: North_Carolina-2011-H581-Chaptered.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
SESSION LAW 2011-143
HOUSE BILL 581
AN ACT to amend the provisions of the city of lumberton firemen's relief fund and supplementary pension fund.
The General Assembly of North Carolina enacts:
SECTION 1. Section 4 of Chapter 792 of the 1991 Session Laws, as amended by Chapter 699 of the 1995 Session Laws and by S.L. 2003‑324, reads as rewritten:
"Sec. 4. Any full time paid
member of the fire department who retires or is retired under the provisions of
Section 3 of this act shall receive monthly for the remainder of his life from
the 'Supplementary Pension Fund' an amount equal to to be set by the
Board of Trustees at between two dollars ($2.00) and three dollars and
twenty‑five cents ($3.25) for each full year of service with the fire
department. Any eligible member of the fire department who becomes permanently
disabled while in the furtherance of the member's duties as a fireman
and retires or is retired from the North Carolina Local Governmental Employees'
Retirement System in accordance with G.S. 128‑27(c), shall receive
from the Fund the benefit amount equivalent to which a person retired with 30
years of service is entitled. If, for any reason, the Fund created and made
available for any purpose covered by this Chapter shall be insufficient to pay
in full any pension benefits, or other changes, then all benefits and payments
shall be reduced pro rata for as long as the deficiency in amount exists. No
claim shall accrue with respect to any amount by which a pension or benefit
payment shall have been reduced."
SECTION 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 15th day of June, 2011.
s/ Walter H. Dalton
President of the Senate
s/ Thom Tillis
Speaker of the House of Representatives
