HOUSE BILL 1570
AN ACT RELATING TO THE CITY OF LEXINGTON'S EMPLOYEES BECOMING MEMBERS OF THE NORTH CAROLINA LOCAL GOVERNMENTAL EMPLOYEES RETIREMENT SYSTEM.
The General Assembly of North Carolina enacts:
Section 1. If the City of Lexington becomes a participant in the North Carolina Local Governmental Employees Retirement System, the city council of the City of Lexington may provide for its employees to receive prior service credit in the Local Governmental Employees Retirement System equal to the period of credited service which the respective employees have in the City of Lexington Retirement Plan at the time the city becomes a participant in the Local Governmental Employees Retirement System, and no other prior service credit shall be given for service with the City of Lexington.
Sec. 2. This act shall apply to the City of Lexington only.
Sec. 3. This act is effective upon ratification.
In the General Assembly read three times and ratified, this the 17th day of June, 1980.