Statutes, codes, and regulations
North Dakota Century Code
Title 54 - STATE GOVERNMENT
Chapter 54-52.6 - DEFINED CONTRIBUTION RETIREMENT PLAN
Section 54-52.6-02.1 - [Effective on the date which must be before 1/1/2025, identified in a certification by the retirement board, only if the board certifies to the legislative council that the public employees retirement system is prepared to close the main system defined benefit retirement plan on the day before the date identified by the board, and to open the new defined contribution retirement plan on the date identified by the board] Participation in defined contribution retirement plan

N.D. Cent. Code § 54-52.6-02.1

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Current through 2023 Legislative Sessions
Section 54-52.6-02.1 - [Effective on the date which must be before 1/1/2025, identified in a certification by the retirement board, only if the board certifies to the legislative council that the public employees retirement system is prepared to close the main system defined benefit retirement plan on the day before the date identified by the board, and to open the new defined contribution retirement plan on the date identified by the board] Participation in defined contribution retirement plan
1. Except as otherwise provided under section 54-52-02.5 or 54-52-02.15 or this chapter, effective on the effective date of this Act, an eligible employee who is first enrolled shall participate in the defined contribution retirement plan under this chapter.
2. A temporary employee may elect to participate in the defined contribution retirement plan as provided under section 54-52.6-09.6.
3. A county elected official may elect to participate in the defined contribution retirement plan as provided under section 54-52-02.11.
4. A nonstate appointed official shall participate in the defined contribution retirement plan as provided under section 54-52-02.12.

N.D.C.C. § 54-52.6-02.1

Amended by S.L. 2023SP1, ch. 644 (HB 1548),§ 14, eff. on the date which must be before 1/1/2025, identified in a certification by the retirement board, only if the board certifies to the legislative council that the public employees retirement system is prepared to close the main system defined benefit retirement plan on the day before the date identified by the board, and to open the new defined contribution retirement plan on the date identified by the board.
Amended by S.L. 2023, ch. 47 (SB 2015),§ 47, eff. 1/1/2024, if before that date the retirement board certifies to the legislative council that the public employees retirement system is prepared to close the main system defined benefit retirement plan on 12/31/2023, and to open the new defined contribution retirement plan on 1/1/2024, or on 1/1/2025, if this contingency is not satisfied.
Added by S.L. 2023, ch. 514 (HB 1040),§ 16, eff. 1/1/2025.