GENERAL ASSEMBLY OF NORTH CAROLINA
1989 SESSION
CHAPTER 917
AN ACT TO AMEND THE LAW RELATING TO THE RALEIGH FIREMEN'S SUPPLEMENTAL RETIREMENT FUND.
The General Assembly of North Carolina enacts:
Section 1. Section 2(a) of Chapter 421 of the 1969 Session Laws, as amended by Section 1 of Chapter 504 of the 1975 Session Laws and Section 1 of Chapter 328 of the 1979 Session Laws, reads as rewritten:
"(a) Each retired fireman of the City who has retired
with twenty (20) years service or more as a City fireman shall be entitled to
and shall receive an annual supplemental retirement benefit equal to one share
for each full year of service as a full-time and fully-paid fireman of the
City; provided, in no event shall any retired fireman be entitled to or receive
in any year an annual benefit in excess of eight hundred one thousand
dollars ($800.00) ($1,000)."
Sec. 2. None of the provisions of this act shall create an additional liability for the Raleigh Firemen's Supplemental Retirement Fund or the State of North Carolina unless sufficient funds are available to pay fully for the liability.
Sec. 3. This act shall apply to the City of Raleigh only.
Sec. 4. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 16th day of July, 1990.