North Carolina § 127A-40 - 1. North Carolina National Guard Pension Fund.
Full text of North Carolina North Carolina General Statutes § 127A-40 — 1. North Carolina National Guard Pension Fund., with citation guidance and answers to common questions.
§ 127A-40. 1. North Carolina National Guard Pension Fund.
As used in this section, the term "Board of Trustees" means the Board of Trustees of the Teachers' and State Employees' Retirement System. The North Carolina National Guard Pension Fund shall include general fund appropriations made to the Department of State Treasurer and held with the Pension Accumulation Fund of the Teachers' and State Employees' Retirement System. The Board of Trustees shall have performed an annual actuarial valuation of the Fund and shall have the financial responsibility for maintaining the Fund on a generally accepted actuarial basis. An actuarially determined employer contribution shall be calculated annually by the actuary using assumptions and a cost method approved by the Actuarial Standards Board of the American Academy of Actuaries and selected by the Board of Trustees. Notwithstanding Chapter 150B of the General Statutes, the Board of Trustees may adopt a contribution policy that would recommend a contribution not less than the actuarially determined employer contribution. The recommended employer contribution rate by the Board of Trustees each year shall not be less than the actuarially determined employer contribution. The Department of Public Safety shall provide the Department of State Treasurer with any assistance required by the State Treasurer in carrying out the financial responsibilities of the State Treasurer or the Board of Trustees. History (2020-48, s. 1.7(b).) Editor's Note. - Session Laws 2020-48, s. 7.1 made this section effective June 26, 2020. Session Laws 2020-48, s. 1.7(b), enacted G.S. 127A-41, which was renumbered G.S. 127A-40.1 at the direction of the Revisor of Statutes. Session Laws 2020-48, s. 6.1, is a severability clause.
Source: official North Carolina text · Last verified 2026-08-27
Frequently Asked Questions About North Carolina § 127A-40
What does North Carolina General Statutes § 127A-40 cover?
Section 127A-40 ("1. North Carolina National Guard Pension Fund.") is part of the North Carolina General Statutes, the codified statutory law of North Carolina. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite North Carolina § 127A-40?
A common citation format is "North Carolina General Statutes § 127A-40" (North Carolina). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of North Carolina law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the North Carolina official source linked on this page or consult a licensed North Carolina attorney.
How does North Carolina § 127A-40 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in North Carolina can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in North Carolina.