GENERAL ASSEMBLY OF NORTH CAROLINA

1983 SESSION

 

 

CHAPTER 767

HOUSE BILL 1302

 

AN ACT TO PERMIT CERTAIN EMPLOYEES OF THE CHARLOTTE FIRE DEPARTMENT TO PURCHASE CREDIT IN THE CHARLOTTE FIREMEN'S RETIREMENT SYSTEM FOR PRIOR SERVICE AS FIRE OFFICERS.

 

Whereas, when certain persons became officers of the Charlotte municipal airport fire station on March 1, 1958, they were not considered uniformed officers of the Charlotte Fire Department and could not, therefore, become members of the Charlotte Firemen's Retirement System, which was established by Chapter 926 of the 1947 Session Laws; and

Whereas, on January 15, 1960, these persons became uniformed members of the Charlotte Fire Department and members of the Charlotte Firemen's Retirement System and began making contributions thereto; and

Whereas, the following is enacted to permit these persons to purchase credit in the Charlotte Firemen's Retirement System for all their years of service as firefighters of the City of Charlotte; Now, therefore,

 

The General Assembly of North Carolina enacts:

 

Section 1.  Any person who became a uniformed officer of the Charlotte municipal airport fire station March 1, 1958, and who became a uniformed member of the Charlotte Fire Department and a member of the Charlotte Firemen's Retirement System January 15, 1960, and who is as of the effective date of this act, still employed as a uniformed member of the Charlotte Fire Department, shall be allowed to purchase credit in the Charlotte Firemen's Retirement System for his service as uniformed members of the airport fire station by paying into the Retirement System an amount of money equal to:

1. The amount of contributions, based upon his salary from the City and the contribution rates then in effect, that he would have paid into the Retirement System, pursuant to the Charlotte Firemen's Retirement Act, had he been a member between March 1, 1958, and January 15, 1960; and

2. The amount of contributions that the City of Charlotte would have paid into the Retirement System, pursuant to the Charlotte Firemen's Retirement Act, on his behalf had he been a member between March 1, 1958, and January 15, 1960; and

3. Interest on the amounts computed under 1 and 2, compounded at five percent (5%) per annum, from the time such contributions would have been made until the date the credit is purchased, as recommended by the Retirement System's actuary.

Upon purchase of the service credit, the purchaser shall be deemed, for purposes of the Charlotte Firemen's Retirement Act, to have been a uniformed member of the Charlotte Fire Department and a member of the Charlotte Firemen's Retirement System from March 1, 1958.

Sec. 2.  This act is effective upon ratification.

In the General Assembly read three times and ratified, this the 15th day of July, 1983.