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CHAPTER 302 AN ACT TO ESTABLISH A SUPPLEMENTARY PENSION FUND FOR FIREMEN IN THE TOWN OF MOUNT AIRY. The General Assembly of North Carolina do enact:
Any member who has served 30 years as a fireman in the Mount Airy Fire Department and has attained the age of 55 shall be entitled to receive from Supplementary Pension Fund. Said monthly pension shall be in the amount of twenty-five dollars ($25.00) per month or less as below set forth providing that those members retiring after the age of 55 and before attaining age 60 may elect to receive the reduced amount. Retirement Age Amount Retirement Age Amount 55 $18.00 58 $22.00 56 $19.00 59 $23.00 57 $20.00 60 $25.00 Received at age 60, twenty-five dollars ($25.00). Add one dollar ($1.00) per month for each year service after age 60 through age 65 Maximum, thirty dollars ($30.00).