Loading chat...
NC H1941
Bill
Status
5/24/2010
Primary Sponsor
Shirley Randleman
Click for details
AI Summary
-
Increases the monthly benefit for members of the Wilkesboro Firemen's Supplemental Pension Fund from a fixed $100 per month to an amount equal to the monthly pension paid by the North Carolina Firemen's and Rescue Squad Workers' Pension Fund under G.S. 58-86-55.
-
Eligible members include those who have served 20 years as a fireman in the Wilkesboro Fire Department and attained age 55, or those with 5 or more years of service who became totally and permanently disabled.
-
Requires the Wilkesboro pension amount to be automatically adjusted whenever the state pension amount is amended.
-
Maintains the existing pro rata reduction provision if the Supplemental Pension Fund becomes insufficient to pay full benefits.
-
Becomes effective July 1, 2010.
Legislative Description
Increase Wilkesboro Firemen's Pension
Last Action
Re-ref Com On Pensions and Retirement
6/16/2010