Section 71-02-06-01 - Conditions for return The accumulated contributions of a member who terminates permanent employment:
1. Before accumulating three years of service credit and whose account balance is less than one thousand dollars shall be automatically refunded unless the member elects to remain in an inactive status.2. After accumulating three years of service credit shall be refunded upon application filed with the executive director.3. The termination date for purposes of processing an application for refund or rollover must be the last date for which a member receives salary except for a member who is on an approved leave of absence. For members who are paid salary in any month following actual separation from employment if the salary is received after the normal processing date, the termination date for purposes of processing the application must be the same date as the date that the last paycheck was issued as salary.N.D. Admin Code 71-02-06-01
Amended effective November 1, 1990; June 1, 1996; July 1, 1998; July 1, 2000; May 1, 2004; July 1, 2010.Amended by Administrative Rules Supplement 369, July 2018, effective 7/1/2018.General Authority: NDCC 54-52-04
Law Implemented: NDCC 54-52-06, 54-52-17