North Dakota § 39-03.1-10.2 Employer service purchases

North Dakota Statutes

§ 39-03.1-10.2 — Employer service purchases

North Dakota § 39-03.1-10.2

Title 39Motor Vehicles

Ch. 39-03.1Highway Patrol Troopers' Retirement System

This text of North Dakota § 39-03.1-10.2 (Employer service purchases) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 39-03.1-10.2 (2026).

Text

An employer may purchase additional service credit on behalf of a contributor under the following conditions:

1.The contributor may not be given the option to choose between an employer service purchase and an equivalent amount paid in cash.

2.The contributor must meet one of the following conditions at the time the purchase is made:

a.The contributor's age plus service credit must be equal to or greater than seventy; or

b.The contributor's age must be at least fifty and the contributor must have at least ten years of service credit.

3.The board must determine the purchase price on an actuarially equivalent basis.

4.The purchase must be completed before the contributor's retirement.

5.The employer may purchase a maximum of five years of service credit on behalf of the contributor. 6

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An employer may purchase additional service credit on behalf of a contributor under the
following conditions:
1. The contributor may not be given the option to choose between an employer service
purchase and an equivalent amount paid in cash.
2. The contributor must meet one of the following conditions at the time the purchase is
made:
a. The contributor's age plus service credit must be equal to or greater than
seventy; or
b. The contributor's age must be at least fifty and the contributor must have at least
ten years of service credit.
3. The board must determine the purchase price on an actuarially equivalent basis.
4. The purchase must be completed before the contributor's retirement.
5. The employer may purchase a maximum of five years of service credit on behalf of the
contributor.
6. The employer must pay the purchase price for the service credit purchased under this
section in a lump sum.