NORTH CAROLINA GENERAL ASSEMBLY

1971 SESSION

 

 

CHAPTER 916

SENATE BILL 824

 

 

AN ACT TO CLARIFY CERTAIN PROVISIONS OF CHAPTER 338 OF THE 1971 SESSION LAWS RELATING TO AN OPTIONAL RETIREMENT PROGRAM FOR FACULTY MEMBERS AT STATE INSTITUTIONS OF HIGHER EDUCATION.

 

The General Assembly of North Carolina enacts:

 

Section 1.  Chapter 338 of the 1971 Session Laws of North Carolina is hereby amended by inserting in Section 2 thereof within the new section to be designated G.S. 135-5.1 the following changes:

(1)        By inserting in Subsection (a) of G.S. 135-5.1 immediately before the words "faculty of the particular institution or institutions" the words "administrators and";

(2)        By inserting in Subsection (c) of G.S. 135-5.1 immediately after the words "designated company" the words "or companies";

(3)        By inserting in the first paragraph of Subsection (d) of G.S. 135-5.1 immediately after the words "designate the company" the words "or companies";

(4)        By inserting in subdivision (4) of Subsection (d) of G.S. 135-5.1 immediately after the words "designated company" the words "or companies"; and

(5)        By inserting in the last sentence of Subsection (c) of G.S. 135-5.1 immediately after the words "and such", the word "employer".

Sec. 2.  This act shall become effective July 1, 1971.

In the General Assembly read three times and ratified, this the 19th day of July, 1971.