Terms Used In North Carolina General Statutes 128-36

  • following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
  • Retirement System: shall mean the North Carolina Local Governmental Employees' Retirement System as defined in this Article. See North Carolina General Statutes 128-21
  • Year: shall mean the regular fiscal year beginning July 1, and ending June 30; in the following calendar year unless otherwise defined by regulation of the Board of Trustees. See North Carolina General Statutes 128-21

Nothing in this Article shall have the effect of repealing any public-local or private act creating or authorizing the creation of any officers’ or employees’ retirement system in any county, city or town or prohibiting the enactment of any public-local or private act creating or authorizing the creation of any officers’ or employees’ retirement system in any county, city, or town. No payment on account of any benefit granted under the provisions of N.C. Gen. Stat. § 128-27, subsections (a) to (d) inclusive, shall become effective or begin to accrue until the end of one year following the date the System is established nor shall any compulsory retirement be made during that period. The provisions of this Article shall apply only to those counties, cities or towns whose governing authorities voluntarily elect to be bound by same. (1939, c. 390, s. 16; 1941, c. 357, s. 9B; 1945, c. 526, s. 7A.)

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