A BILL TO BE ENTITLED
AN ACT to Address COST-OF-LIVING adjustments FOR RETIREES OF THE local governmental employees' retirement system.
The General Assembly of North Carolina enacts:
SECTION 1.  It is the intent of the General Assembly to provide cost-of-living adjustments to the benefits provided to beneficiaries of the Local Governmental Employees' Retirement System for the 2009‑2010 fiscal year of one percent (1.0%) from undistributed gains available in the System.
SECTION 2.  This act becomes effective July 1, 2009.