NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 801

SENATE BILL 539

 

 

AN ACT RELATING TO A RETIREMENT SYSTEM FOR WAYNE COUNTY EMPLOYEES.

 

The General Assembly of North Carolina do enact:

 

Section 1. The Board of County Commissioners of Wayne County is hereby authorized, in its discretion, to contract with such private agency as it may choose to provide a retirement system for Wayne County officials and employees. Such contract shall not be entered into unless at least sixty per cent (60%) of the officials and employees of Wayne County approve the establishment of a retirement system, to be determined by referendum conducted under such rules and regulations as the Board of County Commissioners may prescribe. If such a retirement system is approved and if the Board of County Commissioners contracts therefor, the said Board is hereby authorized to require contributions from employees and to collect the same through the device of payroll deductions in such amount as said Board may determine.

The Board of County Commissioners is hereby authorized to levy such ad valorem tax as may be necessary to provide employer contributions and special approval is hereby granted to make such levy.

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 All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 3. This Act shall become effective upon its ratification.

In the General Assembly read three times and ratified, this the 11th day of June, 1963.