A BILL TO BE ENTITLED
AN ACT to authorize the legislative research commission to study the need for an optional graduated twenty‑five‑year retirement plan for local governments participating in the local governmental employees retirement system.
The General Assembly of North Carolina enacts:
SECTION 1.  The Legislative Research Commission may study the need for an optional graduated twenty‑five‑year retirement plan for local governments participating in the Local Governmental Employees' Retirement System.
SECTION 2.  The Commission shall make a report of its findings and any recommended legislation to the 2005 General Assembly.
SECTION 3.  This act is effective when it becomes law.