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