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Attachment 1 2 <br /> § 153A-93. Retirement benefits. <br /> (a) The board of commissioners may provide for enrolling county officers and <br /> employees in the Local Governmental Employees' Retirement System, the Law-Enforcement <br /> Officers' Benefit and Relief Fund, the Firemen's Pension Fund, or a retirement plan certified to <br /> be actuarially sound by a qualified actuary as defined in subsection (c) of this section and may <br /> make payments into such a retirement system or plan on behalf of its employees. <br /> (b) No county may make payments into a retirement system or plan established or <br /> authorized by a local act unless the system or plan is certified to be actuarially sound by a <br /> qualified actuary as defined in subsection(c)of this section. <br /> (c) A qualified actuary means a member of the American Academy of Actuaries or an <br /> individual certified as qualified by the Commissioner of Insurance. <br /> (d) A county which is providing health insurance under G.S. 153A-92(d) may provide <br /> health insurance for all or any class of former officers and employees of the county. Such <br /> health insurance may be paid entirely by the county, partly by the county and former officer or <br /> employee, or entirely by the former officer or employee, at the option of the county. <br /> (dl) On and after October 1, 2009, a county which is providing health insurance under <br /> G.S. 153A-92(d) may provide health insurance for all or any class of former officers and <br /> employees of the county who have obtained at least 10 years of service with the county prior to <br /> separation from the county and who are not receiving benefits under subsection (a) of this <br /> section. Such health insurance may be paid entirely by the county, partly by the county and <br /> former officer or employee, or entirely by the former officer or employee, at the option of the <br /> county. <br /> (d2) Notwithstanding subsection (d) of this section, any county that has elected to and is <br /> covering its active employees only, or its active and retired employees, under the State Health <br /> Plan, or elects such coverage under the Plan, may not provide health insurance through the <br /> State Health Plan to all or any class of former officers and employees who are not receiving <br /> benefits under subsection (a) of this section. The county may, however, provide health <br /> insurance to such former officers and employees by any other means authorized by G.S. <br /> 153A-92(d). The health insurance premium may be paid entirely by the county, partly by the <br /> county and former officer or employee, or entirely by the former officer or employee, at the <br /> option of the county. <br /> (e) The board of commissioners may provide a deferred compensation plan. Where the <br /> board of commissioners provides a deferred compensation plan, the investment of fiends for the <br /> plan shall be exempt from the provisions of G.S. 159-30 and G.S. 159-31. Counties may invest <br /> deferred compensation plan funds in life insurance, fixed or variable annuities and retirement <br /> income contracts, regulated investment trusts, or other forms of investments approved by the <br /> Board of Trustees of the North Carolina Public Employee Deferred Compensation Plan. (1973, <br /> c. 822, s. 1; 1981, c. 347, s. 1; 1991, c. 277, s. 1; 2009-564, ss. 1, 2) <br /> G.S. 153A-93 Page 1 <br />