Bill Summary for S 77 (2015-2016)

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Summary date: 

Feb 11 2015

Bill Information:

View NCGA Bill Details2015-2016 Session
Senate Bill 77 (Local) Filed Wednesday, February 11, 2015
AN ACT TO INCREASE THE MONTHLY PENSION BENEFIT PAID TO MEMBERS OF THE WILKESBORO FIREMEN'S SUPPLEMENTAL PENSION FUND.
Intro. by Randleman.

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Bill summary

Amends Section 4 of SL 1985-131 concerning the Wilkesboro Firemen's Pension, providing that individuals that have served twenty years as firemen in the Wilkesboro Fire Department and have attained the age of 55 or served for five years or more and have become totally and permanently disabled are entitled to a monthly pension equal to 150 percent of the monthly pension amount paid by the NC Firemen's and Rescue Squad Workers' Pension Fund. Pension will be adjusted to remain at 150 percent of said pension amount when the amount of the state pension fund is changed (previously the pension amount was equal to the pension amount paid by the NC Firemen's and Rescue Squad Workers' Pension Fund and adjusted to equal that amount if necessary). 

Effective July 1, 2015.