GENERAL ASSEMBLY OF NORTH CAROLINA

SESSION 1989

H	1 

HOUSE BILL 798

Short Title:  Roanoke Rapids Firemen's Fund.	(Local)
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Sponsors: Representatives Watkins, Church; J. Crawford and Hardaway.
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Referred to:  Government.
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March 22, 1989

A BILL TO BE ENTITLED
AN ACT TO AMEND THE LAW REGARDING THE ROANOKE RAPIDS FIREMEN'S SUPPLEMENTAL RETIREMENT FUND.
The General Assembly of North Carolina enacts:
Section 1.  Section 3 of Chapter 312 of the 1977 Session Laws reads as rewritten:
"Sec. 3. Supplemental retirement benefits.
(a)	Each retired fireman of the city who has previously retired with 20 years of service or more as a city fireman shall be entitled to and shall receive in each calendar year following the calendar year in which he retires the following supplemental retirement benefits:
(1)	One share for each full year of service as a full-time and fully paid fireman of the city;
(2)	One-third of one share for each full year of service as a volunteer fireman of the city."
Sec. 2.  Nothing in this act shall create a liability for the Roanoke Rapids Firemen's Supplemental Retirement Fund unless the Fund has sufficient assets to pay fully for the liability.
Sec. 3.  This act shall become effective January 1, 1989.