Bill > HB1117

This bill amends North Dakota retirement regulations by modifying rules about required minimum distributions for retirement plans. Specifically, the bill removes previous language that specified different required beginning dates for retirement payments based on a member's age (before or after January 1, 2020), and instead focuses on ensuring that retirement payments are made over a period not exceeding the life expectancy of the member or the joint life expectancy of the member and their beneficiary. The bill mandates that minimum distributions must comply with section 401(a)(9) of the Internal Revenue Code, which provides guidelines for how and when retirement plan participants must start taking distributions from their retirement accounts. By updating this section of the North Dakota Century Code, the bill aims to align state retirement regulations with federal tax law requirements, ensuring that retirement plan distributions are made in a consistent and legally compliant manner.

Government Affairs, Military Affairs and Security

Government and Veterans Affairs (H)

https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1117.html