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NC H1941

Bill

Status

Introduced

5/24/2010

Primary Sponsor

Shirley Randleman

Click for details

Origin

House of Representatives

2010 Session

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

Committee Referrals

Pensions and Retirement6/16/2010
Local Government II5/25/2010

Full Bill Text

No bill text available