2009 North Carolina Code
Chapter 147 - State Officers.
§ 147-69.4. Local Government Other Post-Employment Benefits Fund.
§ 147‑69.4. Local Government Other Post‑Employment Benefits Fund.
The Local Government Other Post‑Employment Benefits Fund is established as a fund in the Office of the State Treasurer under the management of the Treasurer. The Fund consists of contributions made by local governments and other entities authorized to make contributions to the Fund and interest and other investment income earned by the Fund. Contributions to the Fund are irrevocable. Assets of the Fund may be used only to provide other post‑employment benefits to individuals who are former employees, or beneficiaries of former employees, of an entity that contributes to the Fund and are entitled to other post‑employment benefits payable by the entity. The assets of the Fund are not subject to the claims of creditors of an entity that contributes to the Fund. (2007‑384, s. 1.)
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