Section 71-02-03-05 - Coordination of multiple plan membershipUpon providing proper documentation of retirement plan participation, a member who meets the following criteria may use service credit in the teachers' insurance retirement fund for the purpose of meeting the normal retirement date for vesting purposes under North Dakota Century Code chapter 54-52. The member:
1. Must have participated in both the teachers' fund for retirement and the teachers' insurance and annuity association of America-college retirement equities fund.2. Must have elected to transfer the member's teachers' insurance retirement fund account balance to teachers' insurance and annuity association of America-college retirement equities fund in connection with the administrative coordination of the various state retirement plans as provided under chapter 133 of the 1973 North Dakota Session Laws.3. Did not have a cash out since the time of the transfer of funds.4. Did not relinquish such service credit in writing.N.D. Admin Code 71-02-03-05
Effective June 1, 1996; amended effective July 1, 1998.Amended by Administrative Rules Supplement 376, April 2020, effective 4/1/2020.General Authority: NDCC 54-52-04, 54-52-17
Law Implemented: NDCC 54-52-01(11)(12)(16), 54-52-17