NORTH CAROLINA GENERAL ASSEMBLY

1979 SESSION

 

 

CHAPTER 1106

HOUSE BILL 1599

 

 

AN ACT TO AMEND G.S. 118-7 AS THAT STATUTE APPLIES TO THE TOWN OF KERNERSVILLE.

 

The General Assembly of North Carolina enacts:

 

Section 1. G.S. 118-7 is hereby amended by adding at the end of said statute an additional subsection as follows:

"(5)      To provide for payment to the North Carolina Firemen's Pension Fund the amounts required to be paid under G.S. 118-24, G.S. 118-24.1, or G.S. 118-24.2 on behalf of Kernersville firemen who are members of or join that fund. Provided, that the amounts so paid in any year shall not exceed the amount received by the board of trustees from the Insurance Commissioner pursuant to G.S. 118-5 during the preceding year, plus any earnings upon investments of the Kernersville Firemen's Relief Fund received during the preceding year, less the sum of fifty dollars ($50.00). Provided further, that if the amounts authorized to be paid under this subsection are insufficient to pay the amounts required under G.S. 118-24, G.S. 118-24.1 and G.S. 118-24.2, then the additional amount required to be paid shall be prorated among and paid by Kernersville firemen who are members of or are joining the North Carolina Firemen's Pension Fund and who otherwise would have been required to pay to that fund the amounts required under G.S. 118-24, G.S. 118-24.1 or G.S. 118-24.2."

Sec. 2. This act shall only apply to the Town of Kernersville.

Sec. 3. All laws and clauses of laws in conflict with this act are hereby repealed.

Sec. 4. This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 18th day of June, 1980.