North Carolina § 58-86-35 - Firefighters' application for membership in fund; monthly payments by members; payments credited to separate accounts of members; termination of membership.

§ 58-86-35. Firefighters' application for membership in fund; monthly payments by members; payments credited to separate accounts of members; termination of membership.

Those firefighters who are eligible pursuant to G.S. 58-86-25 may apply to the board for membership. Each firefighter upon becoming a member of the fund shall pay the director of the fund the sum of ten dollars ($10.00) per month; each payment shall be made no later than March 31 subsequent to the end of the calendar year in which the month occurred. The Pension Fund shall not award fully credited service based on payments received later than March 31 subsequent to the end of the calendar year in which the month occurred unless the payment is applied as provided in G.S. 58-86-45(a1) . The monthly payments shall be credited to the separate account of the member and shall be kept by the custodian so it is available for payment on withdrawal from membership or retirement. A member may elect to terminate membership in the fund at any time and request the refund of payments previously made to the fund. However, a member's delinquency in making the monthly payments required by this section does not result in the termination of membership without such an election by the member. History (1957, c. 1420, s. 1; 1959, c. 1212, s. 1; 1981, c. 1029, s. 1; 1995, c. 507, s. 7.21A(d); 2005-91, s. 14; 2005-281, s. 1.2; 2009-66, s. 2(d); 2013-284, s. 1(a).) Effect of Amendments. - Session Laws 2005-91, s. 14, effective July 1, 2005, and Session Laws 2005-281, s. 1.2, effective August 18, 2005, added "termination of membership" at the end of the section heading, and added the second paragraph. Session Laws 2009-66, s. 2(d), effective July 1, 2009, added "each payment shall be made no later than 90 days after the end of the calendar year in which the month occurred" at the end of the second sentence of the first paragraph. Session Laws 2013-284, s. 1(a), effective July 1, 2013, substituted "Firefighters"' for "Firemen's" in the section heading; in the first paragraph, in the first sentence, substituted "firefighters" for "firemen" and substituted "apply to the board for membership" for "make application for membership to the board"; in the second sentence, substituted "firefighter" for "fireman" and substituted "March 31 subsequent to" for "90 days after"; and added the third sentence; and, in the last paragraph, substituted "any time" for "anytime" in the first sentence.