NORTH CAROLINA GENERAL ASSEMBLY

1975 SESSION

 

 

CHAPTER 350

HOUSE BILL 615

 

AN ACT TO ALLOW CREDITABLE SERVICE IN THE NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOYEE'S RETIREMENT SYSTEM FOR CERTAIN EMPLOYEES OF GRANVILLE COUNTY.

 

The General Assembly of North Carolina enacts:

 

Section 1. Notwithstanding the provisions of Chapter 128 of the General Statutes, the Board of Trustees of the North Carolina Local Governmental Employee's Retirement System may and is authorized to allow creditable service to the employees, both active and retired, of Granville County for their previous service to Granville County Hospital, Granville Hospital Association, Inc., and such predecessors as existed, and to cause the retirement allowance of such employees to be calculated or recalculated using the additional creditable service; provided that the Board of Commissioners of Granville County, in its discretion, shall agree to grant and fund such additional creditable service.

Sec. 2. The cost to fund these additional service credits shall be paid by Granville County by an increase in the employer contribution rate in the manner set forth in G.S. 128-30(d).

Sec. 3. This act shall become effective upon ratification.

In the General Assembly read three times and ratified, this the 21st day of May, 1975.