NORTH CAROLINA GENERAL ASSEMBLY
1979 SESSION

CHAPTER 965
SENATE BILL 730

AN ACT TO AMEND CHAPTER 118 OF THE GENERAL STATUTES OF NORTH CAROLINA RELATING TO THE FIREMEN'S PENSION FUND. 

The General Assembly of North Carolina enacts:

Section 1.  Chapter 118 of the General Statutes is amended by adding a new section in Article 3 following G.S. 118-24.1 to be designated as Section 118-24.2 and to read as follows:
"§ 118-24.2.  Additional retroactive membership. — Any fireman who is now eligible and who has not previously elected to become a member may make application through the board of trustees heretofore created for membership in said fund on or before June 30, 1980; provided, that such person shall make a lump sum payment of five dollars ($5.00) per month retroactively to the time he first became eligible to become a member, plus interest at an annual rate of six percent (6%) for each year of his retroactive payments. Upon making such lump sum payment, such person will be given credit for all prior service in the same manner as if he had made application for membership at the time he first became eligible; provided, further, that any member who made application for membership subsequent to the time he was first eligible and did not receive credit for prior service may receive credit for such prior service upon lump sum payment of five dollars ($5.00) per month retroactively to the time he first became eligible, plus interest at an annual rate of six percent (6%) for each year of his retroactive payments. Upon making such lump sum payments, the date of membership would be the same as if he had made application for membership at the time he was first eligible."
Sec. 2.  There is appropriated from the General Fund to the Office of State Auditor, in addition to all other appropriations, the sum of one hundred thousand dollars ($100,000) for the fiscal year 1979-80, to be placed in the North Carolina Firemen's Pension Fund to fund the additional retroactive memberships authorized by Section 1 of this act, and also to be used for the same purposes as may other monies in the fund.
Sec. 3.  Nothing in this act shall be construed as modifying or changing any provisions of Article 3 of Chapter 118 of the General Statutes except as expressly provided.
Sec. 4.  This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 8th day of June, 1979.