1953_session laws_904_3
CHAPTER 902 AN ACT TO REPEAL CHAPTER 456, SESSION LAWS OF 1947, KNOWN AS THE PENSION FUND FOR EMPLOYEES OF THE CITY OF FAYETTEVILLE; TO PROVIDE FOR THE LIQUIDATION OF THE PENSION FUND; TO CONTINUE CERTAIN VESTED RIGHTS; TO PROVIDE FOR THE COVERAGE OF ALL CITY EM- PLOYEES EXCEPT POLICEMEN UNDER THE OLD AGE AND SURVIVORS INSURANCE PROVISIONS OF THE FEDERAL SOCIAL SECURITY ACT AS AMENDED; TO PROVIDE FOR FAYETTEVILLE POLICE OFFICERS TO BECOME MEMBERS OF THE NORTH CAROLINA LAW ENFORCEMENT OFFICERS BENE- FIT AND RETIREMENT FUND; AND TO ESTABLISH A FAYETTE- VILLE SUPPLEMENTARY RETIREMENT SYSTEM. The General Assembly of North Carolina do enact: ARTICLE I REPEAL OF PENSION FUND FOR EMPLOYEES OF CITY OF FAYETTEVILLE
Until terminated pursuant to Section 19 of Article IV of this Act, the Board of Trustees of the present Fayetteville Pension Fund shall 796 be continued in order to provide for the payment of vested rights and the disposition of accumulated contributions in the Pension Fund for the employees of the City of Fayetteville.