GENERAL ASSEMBLY OF NORTH CAROLINA
1987 SESSION
CHAPTER 173
AN ACT TO INCREASE THE HENDERSON FIREMEN'S SUPPLEMENTAL RETIREMENT SYSTEM BENEFITS.
The General Assembly of North Carolina enacts:
Section 1. Section 1 of Chapter 111 of the 1981 Session Laws reads as rewritten:
"Section 1. Section 4 of Chapter 810 of the
Session Laws of 1959, as amended, is further amended by deleting the sixteenth
sentence, which reads: "Each retired fireman receiving supplemental
benefit in accordance with this Act shall receive the same amount of
supplemental benefit per month; provided that the maximum payment to any
retired member of the Henderson City Fire Department from said Fund shall be
fifty dollars ($50.00) per month.", and by substituting the following two
sentences: "Each retired fireman receiving supplemental benefit in
accordance with this act shall receive the same amount of supplemental benefit
per month. The maximum payment to any retired member of the Henderson City Fire
Department from the Fund is fifty dollars ($50.00) per month through December
31, 1980, and one hundred dollars ($100.00) per month thereafter through
December 31, 1986, and two hundred dollars ($200.00) per month thereafter."
Sec. 2. Nothing in this act creates a liability for the Henderson Firemen's Supplemental Retirement System unless there are sufficient current assets available in the System to pay fully for the liability.
Sec. 3. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 11th day of May, 1987.