128-38.1. Termination or partial termination; discontinuance of contributions.
In the event of the termination or partial termination of the Retirement System or in the event of complete discontinuance of contributions under the Retirement System, the rights of all affected members to benefits accrued to the date of such termination, partial termination, or discontinuance, to the extent funded as of such date, or the amounts credited to the members' accounts, shall be nonforfeitable and fully vested. (1987, c. 177, s. 1(a), (b).)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 128 - Offices and Public Officers
Article 3 - Retirement System for Counties, Cities and Towns.
§ 128-22 - Name and date of establishment.
§ 128-23 - Acceptance by cities, towns and counties.
§ 128-23.1 - Inactive employers.
§ 128-26 - Allowance for service.
§ 128-26A - Reciprocity of creditable service with other State-administered retirement systems.
§ 128-28 - Administration and responsibility for operation of System.
§ 128-29 - Management of funds.
§ 128-30 - Method of financing.
§ 128-31 - Exemptions from execution; employing unit to offset amount owed by member or beneficiary.
§ 128-32 - Protection against fraud.
§ 128-32.1 - Failure to respond.
§ 128-33 - Certain laws not applicable to members.
§ 128-33.1 - Public records held by the Retirement System.
§ 128-34 - Transfer of members.
§ 128-35 - Obligations of pension accumulation fund.
§ 128-36 - Local laws unaffected; when benefits begin to accrue.
§ 128-37 - Membership of employees of district health departments or public health authorities.
§ 128-37.1 - Membership of employees of county social services department.
§ 128-37.2 - Continued membership for certain fire departments.
§ 128-38 - Reservation of power to change.
§ 128-38.1 - Termination or partial termination; discontinuance of contributions.
§ 128-38.2 - Internal Revenue Code compliance.
§ 128-38.3 - Deduction for payments allowed.
§ 128-38.4B - Prohibition on purchase of forfeited service.
§ 128-38.5 - Improper receipt of decedent's retirement allowance.