N.D. Admin. Code 71-05-06-01

Current through Supplement No. 394, October, 2024
Section 71-05-06-01 - Return of contributions - Conditions for return

The accumulated contributions of a member who terminates permanent employment:

1. Before accumulating ten years of service credit and whose account balance is less than one thousand dollars must be automatically refunded unless the member elects to remain in an inactive status.
2. After accumulating ten years of service credit, accumulated contributions must be refunded upon application filed with the retirement office.

N.D. Admin Code 71-05-06-01

Effective October 1, 1991; amended effective July 1, 2010.

General Authority: NDCC 39-03.1-06

Law Implemented: NDCC 39-03.1-10.1