North Carolina Statutes
§ 135-12 — Obligation of maintaining reserves and paying benefits
North Carolina·Ch. 135 Retirement System for Teachers and State Employees; Social Security; State Health Plan for Teachers and State Employees·Art. 1 Retirement System for Teachers and State Employees
The maintenance of annuity reserves and pension reserves as provided for and regular interest creditable to the various funds as provided in G.S. 135-8, and the payment of all pensions, annuities, retirement allowances, refunds and other benefits granted under the provisions of this Chapter, are hereby made obligations of the pension accumulation fund. All income, interest and dividends derived from deposits and investments authorized by this Chapter shall be used for the payment of the said obligations of the said fund. (1941, c. 25, s. 12.)
§ 135-13: Repealed by Session Laws 2020-48, s. 1.12(b), effective June 26, 2020.
§ 135-14: Repealed by Session Laws 2020-48, s. 1.12(c), effective June 26, 2020.
§ 135-14.1: Repealed by Session Laws 2020-48, s. 1.12(d), effective June 26, 2020.
§ 135-
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Nearby Sections
15
§ 135-1
Definitions§ 135-1.1
Licensing and examining boards§ 135-10
Protection against fraud§ 135-10.1
Failure to respond§ 135-100
Short title and purpose§ 135-101
Definitions§ 135-102
Administration§ 135-103
Eligible participants§ 135-104
Salary continuation§ 135-105
Short-term disability benefits§ 135-106
Long-term disability benefits§ 135-107
Optional Retirement Program§ 135-108
Post disability benefit adjustments§ 135-109
Reports of earnings