N.D. Admin. Code 71-08-11-07

Current through Supplement No. 395, January, 2025

Section 71-08-11-07 - [Effective 1/1/2025] Employer-paid additional contribution for a transferee

For an eligible employee who is employed by a state employer who transfers from the defined benefit plan to the defined contribution plan under North Dakota Century Code chapter 54-52.6, the eligible employee's state employer, on January 1 of each year an additional contribution is due, will make the additional contribution under subsection 3 of North Dakota Century Code section 54-52.6-02.2 no later than January 15 of the year in which the additional contribution is required. An eligible employee who is employed by a state employer at the time each additional contribution is required must receive the additional contribution.

N.D. Admin Code 71-08-11-07

Adopted by Administrative Rules Supplement 2024-395, January 2025, effective 1/1/2025.

General Authority: NDCC 54-52.6-02

Law Implemented: NDCC 54-52.6-02.2, 54-52.6-03