N.D. Cent. Code § 39-03.1-10.4

Current through 2024 Legislative Session
Section 39-03.1-10.4 - Reduction in member and employer contributions

The required increase in the amount of member and employer contributions under sections 39-03.1-09 and 39-03.1-10 must be reduced to the rate in effect on July 1, 2013, effective on the July first that follows the first valuation of the highway patrol troopers' retirement plan showing a ratio of the actuarial value of assets to the actuarial accrued liability of the highway patrol troopers' retirement plan that is equal to or greater than one hundred percent.

N.D.C.C. § 39-03.1-10.4

Amended by S.L. 2023 , ch. 70( SB 2053 ), § 18, eff. 8/1/2023.
Added by S.L. 2013 , ch. 431( HB 1452 ), § 3, eff. 7/1/2013.