NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

CHAPTER 893

HOUSE BILL 1243

AN ACT TO AMEND CHAPTER 385 OF THE PUBLIC-LOCAL LAWS OF 1921, RELATING TO PENSIONS TO BE PAID TO RETIRED PUBLIC SCHOOL TEACHERS OF NEW HANOVER COUNTY.

The General Assembly of North Carolina do enact:

Section 1. Section 1 of Chapter 385 of the Public-Local Laws of 1921, as amended, is further amended by changing the words "five cents" in the first sentence thereof to "ten cents".

Sec. 2. Section 2 of Chapter 385 of the Public-Local Laws of 1921, as amended, is further amended, but only insofar as it applies to public school teachers, principals, supervisors, or superintendents who have heretofore retired or may subsequently retire under this Act, by changing the period following the first sentence thereof to a comma and adding the following: "or may, at its discretion, pay a sum not exceeding one hundred fifty dollars ($150.00) per month, if one half of said average annual salary and all other amounts received by said person from school-related pensions and Federal Social Security taken together total less than one hundred fifty dollars ($150.00) per month."

Sec. 3. Section 2 of Chapter 385 of the Public-Local Laws of 1921, as amended, is further amended by adding the following sentence after the last sentence thereof: "For the purposes of Sections 2 and 3 of this Act 'average annual salary received' shall be salary without deductions for payments to substitute teachers."

Sec. 4. All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 5. This Act shall be in full force and effect from and after its ratification.

In the General Assembly read three times and ratified, this the 12th day of June, 1963.