SENATE BILL 54
AN ACT TO PERMIT THE CREATION OF A SUPPLEMENTAL RETIREMENT PLAN FOR CERTAIN POLICEMEN OF THE CITY OF ASHEVILLE AT SUCH TIME AS MEMBERS OF THE ASHEVILLE POLICEMEN'S PENSION AND DISABILITY FUND ELECT TO PARTICIPATE IN THE NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOYEES' RETIREMENT SYSTEM.
The General Assembly of North Carolina enacts:
Section 1. Notwithstanding any provisions of Article 3 of Chapter 128 of the General Statutes to the contrary, the city of Asheville may establish and fund a supplemental retirement plan to be composed of and limited to active members of the Asheville Policemen's Pensions and Disability Fund who were members of the Law Enforcement Officers' Benefit and Retirement Fund at such time as the membership of the Asheville Policemen's Pension and Disability Fund participates in the North Carolina Local Governmental Employees' Retirement System pursuant to G.S. 128-25.
Sec. 2. This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 30th day of June, 1981.