NC H58

Amends the definition of "Final Average Salary" in the Charlotte Firefighters' Retirement System to calculate it as the higher of two options: (i) the monthly average compensation during the two highest consecutive plan years within the member's last five years of service, or (ii) the monthly average compensation during the 104 weeks preceding the end of membership service.

Includes payments for unused sick and vacation days as compensation if those days could have accrued during two plan years of the member's last five years of service.

Includes longevity payments as compensation if such payments were made during two plan years of the member's last five years of service.

Applies only to the City of Charlotte.

Becomes effective July 1, 2017.