GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 1999
SESSION LAW 2000-22
AN ACT TO AMEND THE LAW ESTABLISHING THE MOUNT AIRY FIREFIGHTERS' SUPPLEMENTARY PENSION FUND.
The General Assembly of North Carolina enacts:
Section 1. Section 4 of Chapter 302 of the 1967 Session Laws, as amended by Chapter 12 of the 1969 Session Laws, Chapter 121 of the 1973 Session Laws, and Chapter 165 of the 1995 Session Laws, reads as rewritten:
"Sec. 4. Any member who has served 20 years as
a firefighter in the City of Mount Airy Fire Department and has attained the
age of 55 years, shall be entitled to receive retirement benefits from the
Supplementary Pension Fund; this Any member retiring from the City of
Mount Airy Fire Department who has served 20 years as a firefighter in fire
departments within the State of North Carolina and has attained the age of 55
years shall be entitled to receive retirement benefits from the Supplementary
Pension Fund. For purposes of this provision, a member shall be deemed to
be retiring if that member is retiring under the statewide Local Governmental
Employees' Retirement System or is departing after having served 20 years as a
firefighter in the City of Mount Airy Fire Department. Other terminations
or departures from the City of Mount Airy Fire Department are not considered to
be retirements and do not result in eligibility for benefits under this plan.
"Sec. 4A. The monthly pension shall be
computed on the basis of a defined amount per month for each year of service in
the department. City of Mount Airy Fire Department. Service in
other fire departments within the State of North Carolina shall not be
considered in computing the amount of the monthly pension. The Board
of Trustees shall define the amount used as the basis for the monthly pension,
and may adjust the amount when the board determines it appropriate, necessary,
or imperative to keep or maintain the Supplementary Pension Fund on a good,
solid financial basis, while providing a level of benefits consistent with
funding. Any adjustments made are effective for firefighters not
currently receiving a benefit as well as retired firefighters currently
receiving a benefit."
Section 2. This act is effective when it becomes law.
In the General Assembly read three times and ratified this the 27th day of June, 2000.
s/ Dennis A. Wicker
President of the Senate
s/ James B. Black
Speaker of the House of Representatives