Bill Text: NC H581 | 2011-2012 | Regular Session | Introduced
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-Introduced.html
GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2011
H D
HOUSE DRH50188-LL-112 (03/08)
Short Title: Amend Lumberton Firemen's Pension Fund. |
(Local) |
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Sponsors: |
Representatives Pierce, Pridgen, and Graham (Primary Sponsors). |
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Referred to: |
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A BILL TO BE ENTITLED
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.