N.D. Cent. Code § 40-46-02
Current through 2024 Legislative Session
Any city may provide funding from revenues derived from its general fund levy authority for the purpose of creating and maintaining a city employees' pension fund. A city may make payment to any pension plan or retirement program for city employees that is approved by the internal revenue service. Any pension system must be based on actuarial tables and actuarial valuation must be performed at intervals of not more than five years.
N.D.C.C. § 40-46-02