North Dakota § 18-11-19 Fund based upon actuarial tables - Treatment of forfeitures

North Dakota Statutes

§ 18-11-19 — Fund based upon actuarial tables - Treatment of forfeitures

North Dakota·Title 18 Fires·Ch. 18-11 Alternate Firefighters Relief Association Plan

1.The pension fund must be based upon actuarial tables and the association is authorized to engage an actuary for studies of the plan when deemed necessary by the association.

2.As required by section 401(a)(8) of the Internal Revenue Code; 26 U.S.C. 401(a)(8), no part of any benefit forfeitures of a member resulting from the application of any provisions of this chapter may be applied to increase the benefits a member would otherwise receive.

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1. The pension fund must be based upon actuarial tables and the association is
authorized to engage an actuary for studies of the plan when deemed necessary by
the association.
2. As required by section 401(a)(8) of the Internal Revenue Code; 26 U.S.C. 401(a)(8),
no part of any benefit forfeitures of a member resulting from the application of any
provisions of this chapter may be applied to increase the benefits a member would
otherwise receive.

North Dakota § 18-11-19 (Fund based upon actuarial tables - Treatment of forfeitures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.