Statutes, codes, and regulations
North Dakota Administrative Code
Title 82 - Board of Trustees of the Teachers' Fund for RetirementArticle 82-04 - Contributions
Chapter 82-04-01 - Contributions
Section 82-04-01-03 - Taxation of contributions and benefits

N.D. Admin. Code 82-04-01-03

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Current through Supplement No. 394, October, 2024
Section 82-04-01-03 - Taxation of contributions and benefits

Contributions to the fund by participating employers are not subject to taxation as income or wages under state or federal law. Benefits paid by the fund to a member are subject to taxation as income under state and federal law when distributed.

N.D. Admin Code 82-04-01-03

Effective September 1, 1990.

General Authority: NDCC 15-39.1-07

Law Implemented: NDCC 15-39.1-07, 15-39.1-09(2), 21-10-07