Chapter 54-52.6 - DEFINED CONTRIBUTION RETIREMENT PLAN

Section 54-52.6-01 - [Effective Until 1/1/2025 or 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] Definition of terms
Section 54-52.6-01 - [Effective 1/1/2025] Definition of terms
Section 54-52.6-01 - [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] Definition of terms
Section 54-52.6-02 - [Effective Until 1/1/2025, or 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] Election
Section 54-52.6-02 - [Effective 1/1/2025] Election through December 31, 2024
Section 54-52.6-02 - [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] Election through the day before the effective date of this Act
Section 54-52.6-02.1 - [Effective until 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
Section 54-52.6-02.1 - [Effective 1/1/2025] Participation in 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
Section 54-52.6-02.2 - [Effective until 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] Election after December 31, 2024 - Additional employer contribution
Section 54-52.6-02.2 - [Effective 1/1/2025] Election after the day before the effective date of this Act - Additional employer contribution
Section 54-52.6-02.2 - [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] Election after the day before the effective date of this Act - Additional employer contribution
Section 54-52.6-03 - [Effective until 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] Transfer of accumulated fund balances
Section 54-52.6-03 - [Effective 1/1/2025] Transfer of accumulated fund balances
Section 54-52.6-03 - [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] Transfer of accumulated fund balances
Section 54-52.6-03.1 - Changes to election
Section 54-52.6-04 - Administration
Section 54-52.6-05 - [Effective until 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] Direction of investments
Section 54-52.6-05 - [Effective 1/1/2025] Direction of investments
Section 54-52.6-05 - [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] Direction of investments
Section 54-52.6-05.1 - [Effective 1/1/2025, 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 ] Annuity provider - Qualifications
Section 54-52.6-06 - Administrative expenses - Continuing appropriation
Section 54-52.6-07 - Participation in other plans
Section 54-52.6-08 - [Effective Until 1/1/2025, or 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] Credit of transfers
Section 54-52.6-08 - [Effective 1/1/2025, or 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] Credit of transfers
Section 54-52.6-09 - [Effective Until 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] Contributions - Penalty
Section 54-52.6-09 - [Effective 1/1/2025] Contributions - Penalty
Section 54-52.6-09 - [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] Contributions - Penalty
Section 54-52.6-09.1 - Acceptance of rollovers
Section 54-52.6-09.2 - Additional employer contributions
Section 54-52.6-09.3 - [Repealed]
Section 54-52.6-09.4 - Military service under the Uniformed Services Employment and Reemployment Rights Act - Member retirement credit
Section 54-52.6-09.5 - [Effective 1/1/2026] Employer contribution for defined benefit plan
Section 54-52.6-09.6 - [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 by temporary employees
Section 54-52.6-10 - [Effective Until 1/1/2025, or 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] Vesting
Section 54-52.6-10 - [Effective 1/1/2025, or 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] Vesting
Section 54-52.6-11 - Refund beneficiaries
Section 54-52.6-12 - Qualified domestic relations orders
Section 54-52.6-13 - [Effective Until 1/1/2025, or 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] Distributions
Section 54-52.6-13 - [Effective 1/1/2025, or 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] Distributions
Section 54-52.6-14 - Disability benefits
Section 54-52.6-15 - [Effective Until 1/1/2025, or 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] Board to provide information
Section 54-52.6-15 - [Effective 1/1/2025] Board to provide information
Section 54-52.6-16 - State income tax deductions
Section 54-52.6-17 - Exemption from state premium tax
Section 54-52.6-18 - Savings clause
Section 54-52.6-19 - [Effective Until 1/1/2025, or 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] Overpayments
Section 54-52.6-19 - [Effective 1/1/2025, or 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] Overpayments
Section 54-52.6-20 - Correction of records
Section 54-52.6-21 - Internal Revenue Code compliance
Section 54-52.6-22 - [Effective 1/1/2025, or 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] Report to employee benefits programs committee
Section 54-52.6-23 - [Effective 1/1/2025, or 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] Savings clause - Plan modification