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Record #:
17131
Author(s):
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.
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Subject(s):
Record #:
31230
Author(s):
Abstract:
Established in 1941 by the North Carolina General Assembly, the Teachers' and State Employees' Retirement System is based on the principle of justice for poorly paid state employees and a measure of freedom from the apprehension of old age and disability. Today, the primary purposes are to provide benefits for retirement, assure career servants of the state a form of deferred compensation, and coordinate the Social Security program.
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Subject(s):