Section 71-08-11-01 - [Effective 1/1/2025] Adjustment for bonuses, profit sharing, and contributions paid in a month other than month earnedAdjustments for the following must be made for all participating members:
1. Participating employers shall report bonuses or profit-sharing amounts paid when remitting the contribution associated with the bonus. Recruitment and retention bonuses paid pursuant to North Dakota Century Code section 54-06-31 are not eligible for consideration as salary and contributions associated with those bonuses may not be submitted.2. Bonuses or profit-sharing amounts may not be submitted to the public employees retirement system for any month other than the month the amount is paid to the participating employer.N.D. Admin Code 71-08-11-01
Adopted by Administrative Rules Supplement 2024-395, January 2025, effective 1/1/2025.General Authority: NDCC 54-52-04, 54-52.6-01(8)
Law Implemented: NDCC 54-52.6-01, 54-52.6-02