The early retirement benefit must be an amount actuarially reduced from the normal retirement benefit by one-half of one percent for each month (six percent per year), that the member is younger than age fifty-five on the date of the member's early retirement benefit effective date.
N.D. Admin Code 71-05-05-07
General Authority: NDCC 39-03.1-06
Law Implemented: NDCC 39-03.1-11