Bill > H215

This bill strengthens data protection and cybersecurity measures for the Charlotte Firefighters' Retirement System by requiring the Board of Trustees to take several specific actions to safeguard participants' and beneficiaries' information and financial assets. The bill mandates that the Board purchase data breach and cyber liability insurance, create a formal reporting mechanism for potential cybersecurity incidents, investigate any reported breaches, and provide resources to help participants protect their funds and assets. If a data breach occurs, the Board must now make whole any participants or beneficiaries who were victims of the incident. The bill also requires that the system's administrator be domiciled in North Carolina and subject to the state's banking and insurance laws, and mandates that the annual report to the City Council now include details about any cybersecurity incidents, their costs, and response steps. Additionally, the bill gives the Board of Trustees the ability to use system income to cover costs related to managing cybersecurity risks, including insurance and compensation for affected participants. These changes apply only to the City of Charlotte's firefighters' retirement system and become effective immediately upon becoming law.

Labor and Employment

https://www.ncleg.gov/BillLookUp/2025/H215