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60

City of Raleigh

Financial Section

Law Enforcement Supplemental Plans 

Supplemental Retirement Income Plan for Law Enforcement Officers 

Plan Description.

The City contributes to the Supplemental Retirement Income Plan (Plan), a section 401(k) defined 

contribution pension plan administered by the Department of State Treasurer and a board of trustees.  The plan 

provides retirement benefits to law enforcement officers employed by the City.  Article 5 of G.S. Chapter 135 assigns 

the authority to establish and amend benefit provisions to the North Carolina General Assembly.  

Funding Policy.

Article 12E of G.S. Chapter 143 requires the City to contribute each month an amount equal to five 

percent of each officers’ salary, and all amounts collected are vested immediately.  Also, law enforcement officers 

may make voluntary contributions to the plan.  Contributions for the year ended June 30, 2016 were $3,755,862 which 

consisted of $2,254,132 from the City and $1,501,730 from the law enforcement officers. 

Law Enforcement Officers’ Special Separation Allowance 

Plan Description

.

  The City administers a public employee retirement system (the “separation allowance”); a single‐

employer defined benefit pension plan that provides retirement benefits to the City’s qualified sworn law 

enforcement officers.  The separation allowance is equal to .85 percent of the annual equivalent of the base rate of 

compensation most recently applicable to the officer for each year of creditable service.  The retirement benefits are 

not subject to any increases in salary or retirement allowances that may be authorized by the General Assembly.  

Article 12D of G.S. Chapter 143 assigns the authority to establish and amend benefit provisions to the North Carolina 

General Assembly.   

All full‐time City law enforcement officers are covered by the separation allowance.  At December 31, 2015, the 

separation allowance’s membership consisted of: 

Retirees and beneficiaries currently receiving benefits 

146 

Current active employees 

749 

Total 

895

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