N.D. Admin. Code 71-02-06-13

Current through Supplement No. 394, October, 2024

Section 71-02-06-13 - Refusal of interest on contributions

A member or beneficiary may decline to receive interest on the member's contributions and vested employer contributions, if any, by notifying the public employees retirement system, in writing, of that decision when the member or beneficiary applies for a distribution of the accumulated contributions. A member or beneficiary who does so waives any right to that interest.

N.D. Admin Code 71-02-06-13

Adopted by Administrative Rules Supplement 2022-384, April 2022, effective 4/1/2022.

General Authority: NDCC 54-52-04

Law Implemented: NDCC 39-03.1-09, 54-52-02.9, 54-52-05, 54-52-06.1, 54-52-06.3, 54-52-06.4