NORTH CAROLINA GENERAL ASSEMBLY

1969 SESSION

CHAPTER 1156

HOUSE BILL 817

AN ACT TO PROVIDE FOR AN INCREASE IN PENSIONS AND RETIREMENT ALLOWANCES PAYABLE TO CERTAIN FORMER TEACHERS AND STATE EMPLOYEES.

The General Assembly of North Carolina do enact:

Section 1.  There is hereby appropriated for the biennium 1969-71 out of the General Fund of the State to the Teachers' and State Employees' Retirement System, such sums as are hereinafter specified to accomplish the following purposes:

(1)        An appropriation of fifty one thousand one hundred and fifty dollars ($51,150.00) to increase by fifteen per cent (15%) per month pensions to be paid public school teachers and State employees with twenty or more years of service, who separated from service prior to July 1, 1941, and who had attained the age of sixty-five years on or before August 1, 1959.

Sec. 2.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3.  This Act shall become effective July 1, 1969.

In the General Assembly read three times and ratified, this the 30th day of June, 1969.