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Pensions and Retirement Funds: Added Security for Public Employees


Abstract:
Prior to 1937 there were a few local pension and retirement systems for policemen and fireman in operation. In 1937 the General Assembly provided for an old age assistance program and created the Law Enforcement Officers' Benefit and Retirement Fund. The 1939 General Assembly was greeted with plans retirement systems for teachers, for North Carolina state governmental employees, and for local governmental employees. The 1939 General Assembly enacted a law permitting counties and municipalities to operate state retirement systems such as the Teacher's State Employees Retirement, Law Enforcement Officer's Benefit and Retirement Fund, and local county and city retirement systems.
Source:
Popular Government (NoCar JK 4101 P6), Vol. 7 Issue 3, May 1941, p21-22, 26
Record #:
17131