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ND SB2121

ND SB2121
Administering the public employees retirement system.


summary

Introduced
01/07/2025
In Committee
03/07/2025
Crossed Over
01/20/2025
Passed
03/14/2025
Dead
Signed/Enacted/Adopted
03/18/2025

Introduced Session

69th Legislative Assembly

Bill Summary

AN ACT to amend and reenact subsection 23 of section 54-52-01, section 54-52-17, subsection 2 of section 54-52-28, sections 54-52.1-03.1 and 54-52.2-06, subsection 8 of section 54-52.6-01, and subsection 1 of section 54-52.6-02.2 of the North Dakota Century Code, relating to administering the public employees retirement system.

AI Summary

This bill proposes several amendments to the North Dakota Century Code related to administering the public employees retirement system. The bill makes multiple technical changes across several sections of law, with key modifications including: clarifying terminology around temporary employees (changing "pension" to "retirement"), adjusting retirement benefit calculations for different categories of employees (such as peace officers, supreme court judges, and state employees), modifying rules around early retirement for specific job categories (particularly peace officers employed by the bureau of criminal investigation), and updating provisions related to minimum distributions, deferred compensation, and group insurance programs. Specifically, the bill introduces new eligibility requirements for peace officers employed by the bureau of criminal investigation hired after July 31, 2023, who will need ten years of service instead of three to qualify for early retirement benefits. The bill also makes technical changes to how wages, salaries, and retirement benefits are defined and calculated, ensuring more precise language and alignment with existing regulatory frameworks. These amendments aim to provide clearer guidelines and potentially more sustainable retirement benefit structures for public employees in North Dakota.

Committee Categories

Government Affairs, Military Affairs and Security

Sponsors (0)

No sponsors listed

Other Sponsors (1)

State and Local Government (S)

Last Action

Filed with Secretary Of State 03/18 (on 03/20/2025)

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