NORTH CAROLINA GENERAL ASSEMBLY

1963 SESSION

 

 

CHAPTER 1133

SENATE BILL 545

 

 

AN ACT TO STRENGTHEN THE RETIREMENT BENEFITS OF THE STATE HIGHWAY PATROL AND OTHER LAW ENFORCEMENT OFFICERS EMPLOYED BY THE STATE OF NORTH CAROLINA.

 

WHEREAS, there are members of the State Highway Patrol and other law enforcement officers of the Motor Vehicles Department who have served the State of North Carolina efficiently and well for a great number of years; and who are now approaching retirement age and the retirement benefits provided are very low and considered inadequate; and

WHEREAS, by reason of the fact that the salary schedule of officers during the forties and early fifties was very low and consequently their contribution to the retirement fund was small and could not build up enough credit to their account to provide an adequate retirement annuity allowance; and

WHEREAS, the physical and mental stress and strain of the Highway Patrol activities is such that it requires the continued services of younger men in order to more efficiently perform the services required of the State Highway Patrol.

WHEREAS, a supplemental special matching contribution on the part of the State of North Carolina for all law enforcement officers would enable these older officers to retire on benefits that would compare more favorably with the benefits provided for an officer who starts to work on present salary and contributes to the retirement fund for the entire period of his service: Now, therefore,

 

The General Assembly of North Carolina do enact:

 

Section 1.  There is hereby appropriated out of the Highway Fund for the benefit of the Motor Vehicles Department as a supplemental, special matching contribution for law enforcement officers employed by the Motor Vehicles Department and are members of the Law Enforcement Officers Benefit and Retirement a sum of forty-eight thousand dollars ($48,000.00) for each year of the biennium, July 1, 1963-June 30, 1965.

Sec. 2.  There is hereby appropriated out of the General Fund of the State nineteen thousand fifty dollars ($19,050.00) for each year of the said biennium to provide a supplemental, special contribution for all officers employed in agencies operating out of the General Fund and who are members of the Law Enforcement Officers Benefit and Retirement Fund.

Sec. 3.  There is hereby appropriated out of the Wildlife Commission Fund, as a supplemental, special matching contribution for protectors who are members of the Law Enforcement Officers Benefit and Retirement, the sum of one thousand eight hundred sixty-three dollars ($1,863.00) for each year of the said biennium.

Sec. 4.  The supplemental special matching contributions provided in Sections 1, 2 and 3 of this Act shall be used by the Board of Commissioners of the Law Enforcement Officers Benefit and Retirement Fund, by adopting appropriate rules and regulations, for and only for the purpose of providing temporary supplemental retirement benefits to members of this Fund who retire during the biennium beginning July 1, 1963, and such temporary supplemental benefits shall be terminated upon the depletion of the appropriation, or on June 30, 1965, whichever is earlier; and the rate of temporary supplemental benefits for each employee shall be determined by doubling the amount of the special matching contributions standing to his credit at June 30, 1963 and converting the results actuarily in the same manner as used for the special matching contribution.

Sec. 5.  All laws and clauses of laws in conflict with this Act are hereby repealed.

Sec. 6.  This Act shall be in full force and effect from and after July 1, 1963.

In the General Assembly read three times and ratified, this the 24th day of June, 1963.