SB 193

Amends GS 161-50.3, concerning disbursements into the Register of Deeds’ Supplement Pension Fund (Fund), to set forth a calculation for pro rata payments that must occur should the Fund be insufficient to pay pension or other charges. Specifies that the pro rata payment calculated would remain in effect until either the Fund can cover the full amount of the monthly pension payments or the next calendar year if the Fund remains insufficient, at which time the monthly pro rata payment made to each eligible register of deeds must be recalculated. Removes outdated language and makes technical change. Removes Fund eligibility for any county register of deeds who is not eligible to retire with the Local Governmental Employees' Retirement System (LGERS) solely because the county has not elected to participate as an employer with the Local Governmental Employees' Retirement System and who has also met age and/or service requirements from GS 161-50.4 (Fund eligibility). Makes technical changes.