143-166.80. Short title and purpose. (a) This Article shall be known and may be cited as the "Sheriffs’ Supplemental Pension Fund Act of 1985". (b) The purpose of this Article is to create a pension fund to supplement local government retirement benefits which will attract the most highly qualified talent available within the State to […]
143-166.81. Scope. (a) This Article provides supplemental pension benefits for all county sheriffs who are retired from the Local Governmental Employees’ Retirement System or an equivalent locally sponsored plan as herein described. (b) The North Carolina Department of Justice shall administer the provisions of this Article. (c) The provisions of this Article shall be subject […]
143-166.82. Assets. (a) On and after July 1, 1985, each Clerk of Superior Court shall remit to the Department of Justice the monthly receipts collected pursuant to G.S. 7A-304 (a)(3a) to be deposited to the credit of the Sheriffs’ Supplemental Pension Fund, hereinafter referred to as the Fund, to be used in making monthly pension […]
143-166.83. Disbursements. (a) Repealed by Session Laws 1991 (Reg. Sess., 1992), c. 900, s. 54, effective January 1, 1993. (b) Immediately following January 1, 1993, and the first of January of each succeeding calendar year thereafter, the Department of Justice shall divide an amount equal to ninety percent (90%) of the assets of the Fund […]
143-166.84. Eligibility. (a) Each county sheriff who has retired from the Local Governmental Employees’ Retirement System, and who has attained the age of 55 years or attained 30 years of creditable service regardless of age, and who has completed at least 10 years of eligible service as sheriff, is entitled to receive a monthly pension […]
143-166.85. Benefits. (a) An eligible retired sheriff shall be entitled to and receive an annual pension benefit, payable in equal monthly installments, equal to an amount that, when added to a retired allowance at retirement from the Local Governmental Employees’ Retirement System or to the amount he would have been eligible to receive if service […]
