Bill Summary for H 1034 (2013-2014)

Summary date: 

May 21 2014

Bill Information:

View NCGA Bill Details2013-2014 Session
House Bill 1034 (Public) Filed Wednesday, May 14, 2014
A BILL TO BE ENTITLED AN ACT TO AMEND THE LAWS RELATED TO (1) LOCAL FIREFIGHTERS' RELIEF FUNDS, THE STATEWIDE FIREFIGHTERS' RELIEF FUND, AND THE RESCUE SQUAD WORKERS' RELIEF FUND, (2) WORKERS' COMPENSATION FOR FIREFIGHTERS AND RESCUE SQUAD WORKERS, (3) SUPPLEMENTAL PENSIONS FOR FIREFIGHTERS AND RESCUE SQUAD WORKERS, AND (4) THE VOLUNTEER FIRE DEPARTMENT FUND AND VOLUNTEER RESCUE/EMS FUND, AS RECOMMENDED BY THE JOINT LEGISLATIVE PROGRAM EVALUATION OVERSIGHT COMMITTEE.
Intro. by Howard, Moffitt, Lucas.

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Bill summary

House committee substitute makes the following changes to the 1st edition.

Amends GS 58-87-10(e) to delete language that required the State Fire and Rescue Commission to impose assessments in addition to the annual amount set on eligible units and eligible entities so that the Workers' Compensation Fund could meet its payment obligations.

Makes the effective date for GS 58-87-10(f), as amended by Section 20.2(e) of SL 2013-360, April 1, 2016 (was, January 1, 2015). Makes conforming changes to match the change in the effective date. Adds provision that if the Department of Insurance contracts with the same actuary as the Volunteer Safety Workers Compensation Board (Board) contracts with to perform the study under this section, then the Department of Insurance does not have to pay the actuary for data collection and analysis that the actuary has previously performed as a part of its loss reserve analysis for the Board.

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