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NC S47
Bill
AI Summary
- Repeals Chapter 459 of the 1963 Session Laws and all subsequent amendments related to the Morganton Firemen's Supplemental Retirement System.
- Dissolves the Firemen's Supplemental Retirement System of the City of Morganton and prohibits the city from maintaining or operating the system or any fund within it.
- Transfers all assets from the Firemen's Supplemental Retirement Fund to the Fireman's Relief Fund of the City of Morganton for any lawful purpose authorized by the Relief Fund.
- Preserves the continued existence and operation of the Fireman's Relief Fund of the City of Morganton.
- Became effective upon ratification on June 8, 2020.
Legislative Description
Morganton Firemen's Relief Fund
Last Action
Ch. SL 2020-8
6/8/2020
Committee Referrals
Pensions and Retirement6/3/2020
Rules and Operations of the Senate5/26/2020
Pensions & Retirement & Aging5/20/2020
Rules and Operations of the Senate2/13/2019
Full Bill Text
No bill text available