NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

CHAPTER 1213

SENATE BILL 1006

AN ACT TO REQUIRE AN ANNUAL INCOME STATEMENT FROM DISABILITY BENEFICIARIES OF THE LOCAL GOVERNMENTAL EMPLOYEES RETIREMENT SYSTEM.

The General Assembly of North Carolina enacts:

Section 1.  G.S. 12827(e) is amended by adding a new subdivision (4) to read as follows:

"(4)      As a condition to the receipt of the disability retirement allowance provided for in G.S. 12827(d) (dl) (d2) and (d3) each member retired on a disability retirement allowance shall, on or before April 15 of each calendar year, provide the Board of Trustees with a statement of his or her income received as compensation for services, including fees, commissions or similar items, and income received from business, for the previous calendar year. Such statement shall be filed on a form as required by the Board of Trustees."

The Director of the State Retirement Systems shall contact any State or federal agency which can provide information to substantiate the statement required to be submitted by this subdivision and may enter into agreements for the exchange of information.

Sec. 2.  This act shall become effective on July 1, 1980.

In the General Assembly read three times and ratified, this the 24th day of June, 1980.