{"data":{"id":"us-nc/n.c.-gen.-stat.-127a-40.1","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 127A-40.1","heading":"North Carolina National Guard Pension Fund.","body":"(a)\tAs used in this section, the term \"Board of Trustees\" means the Board of Trustees of the Teachers' and State Employees' Retirement System.\n(b)\tThe 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.\n(c)\tThe 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.\n(d)\tAn 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.\n(e)\tNotwithstanding 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.\n(f)\tThe recommended employer contribution rate by the Board of Trustees each year shall not be less than the actuarially determined employer contribution.\n(g)\tThe 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. (2020-48, s. 1.7(b).)","path":["Chapter 127A. Militia.","Article 3. National Guard."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_127A/GS_127A-40.1.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T18:20:07Z","sha256":"c96fc6e33af78f4ea21ffbc6a535c5de055e29264b7a095d25282e855afb9c4a","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-127a-40","next":"us-nc/n.c.-gen.-stat.-127a-41"},"notice":"GroundRules: Original legal text. Not legal advice."}