GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2005
SESSION LAW 2006-64
HOUSE BILL 1237
AN ACT to Revise the membership of the board of trustees of the local governmental employees' retirement system.
The General Assembly of North Carolina enacts:
SECTION 1.1. G.S. 128-28(c) reads as rewritten:
"(c) Members of Board. -
The Board shall consist of (i) seven members of the Board of Trustees of
the Teachers' and State Employees' Retirement System, System
appointed under G.S. 135-6(b): the State Treasurer; the Superintendent of
Public Instruction; the two members appointed by the General Assembly; and the
three members appointed by the Governor who are not members of the teaching
profession or State employees; and three local governmental officials
(ii) seven members designated by the Governor. Governor:
(1) One local
governmental official member shall be a mayor, mayor or
a member of the governing body, or a full-time officer body of a
city or town participating in the Retirement System, and one local
governmental official System;
(2) One member
shall be a county commissioner or a full-time officer of a county
participating in the Retirement System, and one local governmental official
System;
(3) One member
shall be a law-enforcement officer employed by an employer participating in the
Retirement System. System;
(4) One member shall be a county manager of a county participating in the Retirement System;
(5) One member shall be a city or town manager of a city or town participating in the Retirement System;
(6) One member shall be an active, Fair Labor Standards Act nonexempt, local governmental employee of an employer; and
(7) One member shall be a retired, Fair Labor Standards Act nonexempt, local governmental employee of an employer.
The Governor shall designate these three local
governmental officials seven members on April 1 of years in which an
election is held for the office of Governor, or as soon thereafter as possible,
and the three local governmental officials seven members
designated by the Governor shall serve on the Board in addition to the regular
duties of their city, town, or county office: Provided, that if for any reason
any local governmental official so designated member appointed pursuant
to subdivisions (1) through (6) of this subsection vacates the city, town,
or county office or employment which he the member held at
the time of this designation, the Governor shall designate some other local
governmental official another member to serve until the next regular
date for the designation of local governmental officials members
to serve on the Board."
SECTION 1.2. G.S. 128-28(f) reads as rewritten:
"(f) Voting Rights. - Each
trustee shall be entitled to one vote in the Board. Five A
majority of affirmative votes in attendance shall be necessary for a
decision by the trustees at any meeting of said Board."
SECTION 2. This act is effective when it becomes law, and the additional members shall be designated by the Governor to serve until April 1, 2008, when their successors shall be designated.
In the General Assembly read three times and ratified this the 28th day of June, 2006.
s/ Beverly E. Perdue
President of the Senate
s/ James B. Black
Speaker of the House of Representatives
s/ Michael F. Easley
Governor
Approved 1:36 p.m. this 9th day of July, 2006