GENERAL ASSEMBLY OF NORTH CAROLINA
1987 SESSION
CHAPTER 904
AN ACT TO AMEND CHAPTER 505 OF THE 1983 SESSION LAWS, REGARDING THE WILMINGTON FIREMEN'S BENEFIT FUND.
The General Assembly of North Carolina enacts:
Section 1. Section 3 of Chapter 505 of the 1983 Session Laws reads as rewritten:
"Sec. 3. Firemen's Benefits. Each retired
fireman of the City, who is receiving retirement or disability benefits from
the Firemen's Pension Fund of Wilmington, North Carolina or the North Carolina
Local Governmental Employees' Retirement System, shall be entitled to and shall
receive in each calendar year following the calendar year in which he retires
the following supplemental retirement benefits: one share for each full
year of service as a full-time fireman of the City of Wilmington; provided
that the Wilmington. Each surviving spouse or beneficiary of a
fireman who is receiving retirement or disability benefits from the Firemen's
Pension Fund of Wilmington, North Carolina or the North Carolina Local
Governmental Employees' Retirement System shall be entitled to and shall
receive in each calendar year following the calendar year in which the retired
fireman dies, the following supplemental benefit: a percent of a one
share for each full year of service of the employee as a full-time fireman
of the City of Wilmington as determined by the spouse or beneficiary
provision of the retirement fund; provided further in no event shall any
retired fireman or surviving spouse or beneficiary be entitled to receive in
any year an annual supplemental retirement benefit in excess of six hundred
dollars ($600.00)."
Sec. 2. Nothing in this act creates a liability for the Wilmington Firemen's Benefit Fund unless there are sufficient current assets in the fund to pay fully for the liabililty.
Sec. 3. This act is effective upon ratification.
In the General Assembly read three times and ratified this the 23rd day of June, 1988.