GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2015
S 2
SENATE BILL 77
Pensions & Retirement and Aging Committee Substitute Adopted 4/23/15
Short Title: Increase Wilkesboro Firemen's Pension. |
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February 12, 2015
A BILL TO BE ENTITLED
AN ACT to increase the monthly pension benefit paid to members of the wilkesboro firemen's supplemental pension fund.
The General Assembly of North Carolina enacts:
SECTION 1. Section 4 of Chapter 131 of the 1985 Session Laws, as amended by Section 1 of S.L. 1999‑56 and Section 1 of S.L. 2010‑23, reads as rewritten:
"Sec. 4. Any member who has served 20 years as a fireman
in the Wilkesboro Fire Department and has attained the age of 55 or who has
served for five or more years and has become totally and permanently disabled
is entitled to receive a monthly pension from the "Supplemental Pension
Fund". This monthly pension shall be equal to one hundred fifty percent
(150%) of the monthly pension amount paid by the North Carolina Firemen's
Firefighters' and Rescue Squad Workers' Pension Fund under G.S. 58‑86‑55
and shall be adjusted to matchcontinue to equal one hundred fifty
percent (150%) of that State pension amount whenever that amount is
amended. If, for any reason, the Fund shall be insufficient to pay in full any
pension benefits, or other charges, then all benefits shall be reduced pro rata
for as long as the deficiency in amount exists. No claim shall accrue with
respect to any amount by which a benefit payment shall have been reduced."
SECTION 2. This act becomes effective July 1, 2015.