Bill Summary for S 732 (2015-2016)

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Bill: REPEAL LUMBERTON FIREMEN'S SUPP. PENSION FUND.

Summary date: 

Apr 25 2016

Bill Information:

View NCGA Bill Details(link is external)2015-2016 Session
Senate Bill 732 (Local) Filed Monday, April 25, 2016
AN ACT TO REPEAL THE LUMBERTON FIREMEN'S SUPPLEMENTARY PENSION FUND TO ALLOW THE LUMBERTON FIREFIGHTERS RELIEF FUND BOARD TO ESTABLISH A SUPPLEMENTAL RETIREMENT PLAN FROM THE NORTH CAROLINA STATE FIREMEN'S ASSOCIATION.
Intro. by Smith.

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Bill summary

Repeals SL 1955-100, which established the Lumberton Firemen's Supplementary Pension Fund (Fund). Transfers all of the funds remaining in the Fund to the Board of Trustees of the Local Firemen's Relief Fund of the City of Lumberton, to be held and administered as provided in Article 84 (Local Firefighters' Relief Funds) of GS Chapter 58.