North Carolina HB 215: Protect Charlotte Firefighters' Retirement System.

Bill Text

GENERAL ASSEMBLY OF NORTH CAROLINA
SESSION 2025
H 1
HOUSE BILL 215

Short Title: Protect Charlotte Firefighters' Ret. System. (Local)
Sponsors: Representative Clampitt.
For a complete list of sponsors, refer to the North Carolina General Assembly web site.
Referred to: Pensions and Retirement, if favorable, State and Local Government, if favorable,
Rules, Calendar, and Operations of the House
February 27, 2025
*H215-v-1*
A BILL TO BE ENTITLED 1
AN ACT TO PROTECT PARTICIPANTS AND BENEFICIARIES OF THE CHARLOTTE 2
FIREFIGHTERS' RETIREMENT SYSTEM FROM HARM RELATED TO BREACHES 3
OF DATA. 4
The General Assembly of North Carolina enacts: 5
SECTION 1.(a) Section 36 of Title VI of Chapter 506 of the 1987 Session Laws, as 6
amended by Chapter 830 of the 1991 Session Laws, S.L. 1990-100, and S.L. 2001-22, reads as 7
rewritten: 8
"Sec. 36. Employment of Professional Services. 9
(a) The Board of Trustees shall have the authority to employ and/or utilize professional 10
and secretarial services and to purchase and maintain such property, equipment and supplies as 11
are deemed necessary for the proper operation of the System. All expenses, fees and/or retainers 12
for the employment of services shall be borne by the System with the singular exception of the 13
employment of the Actuary. All fees and expenses in connection with the employment of a 14
qualified actuary to perform the annual evaluation of the Retirement System's financial condition 15
shall be paid by the City of Charlotte. 16
(a1) Actuary. The Board of Trustees shall annually request the City to employ a qualified 17
Actuary to perform such studies and evaluations of the Charlotte Firefighters' Retirement System 18
as may be necessary and/or desirable by the Board or City in connection with the administration 19
of the System. Within the meaning of this subsection, a qualified Actuary shall be an associate 20
or fellow of the Society of Actuaries and either a member of the Conference of Consulting 21
Actuaries or a member of the American Academy of Actuaries. 22
(b) Medical Board. The Board of Trustees shall appoint a Medical Board to be composed 23
of one or more physicians to serve at the pleasure of the Board. The Medical Board shall arrange 24
for and evaluate all medical examinations required under provisions of this act. The Medical 25
Board shall also investigate and evaluate all medical evidence, statements, and certificates 26
submitted by and on behalf of a Member in connection with an application for disability 27
retirement. The Medical Board shall render its conclusions and recommendations in 2017 28
Act- approved by NC Legislature Page 20 writing to the Board of Trustees in accordance with 29
the provisions of this act. 30
(c) Legal Counsel. The City attorney and staff shall be the legal advisor to the Board of 31
Trustees. The Board may employ separate legal counsel as it deems necessary and beneficial for 32
the operation of the System. 33

General Assembly Of North Carolina Session 2025
Page 2 House Bill 215-First Edition
(d) Auditor. The Board of Trustees shall appoint an Auditor who shall be a certified 1
public accountant. 2
(e) Administrator. The Board of Trustees shall have the authority to appoint an 3
Administrator who shall be responsible for the administration and coordination of all System 4
operations and activities that are not otherwise specified in this act. Such administration shall be 5
in accordance with rules and regulations of this act and the policy and direction of the Board. In 6
the absence of an Administrator, the Secretary of the Board as specified in Section 34(b)(2) shall 7
be responsible for the coordination of Board meetings and providing proper notice of such 8
meetings. The Administrator shall be domiciled in this State or otherwise subject to the relevant 9
banking and insurance laws of this State. 10
(f) Insurance. The Board of Trustees may shall purchase and maintain that insurance 11
coverage that is necessary for the proper operation of the System, including worker's 12
compensation, fidelity insurance, and officers' and employees' liability coverage. coverage, and 13
data breach and cyber liability insurance that is for the benefit of the System and Participants and 14
Participants' Beneficiaries. All expenses incurred in purchasing or maintaining this coverage, 15
including fees, and retainers, shall be borne by the System." 16
SECTION 1.(b) Section 45 of Title VII of Chapter 506 of the 1987 Session Laws, 17
as amended by Chapter 830 of the 1991 Session Laws, S.L. 1990-100, and S.L. 2001-22, reads 18
as rewritten: 19
"Sec. 45. Annual Report to City Council. An annual report of the financial and actuarial 20
condition of the System, as of the preceding June 30, shall be prepared and forwarded to the City 21
Council in the quarter after receipt of the System's audit report from the Auditor. Such report 22
shall contain but shall not be limited to the Auditor's opinion, such statements contained in the 23