North Dakota § 39-03.1-11.3 Supplemental retiree benefit payment

North Dakota Statutes

§ 39-03.1-11.3 — Supplemental retiree benefit payment

North Dakota § 39-03.1-11.3

Title 39Motor Vehicles

Ch. 39-03.1Highway Patrol Troopers' Retirement System

This text of North Dakota § 39-03.1-11.3 (Supplemental retiree benefit payment) 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 § 39-03.1-11.3 (2026).

Text

If the board determines that the fund has obtained a total return on investments of nine and
six hundredths percent or higher for the fiscal year ending June 30, 2007, or June 30, 2008, the
board shall authorize an additional payment equal to seventy-five percent of the January
retirement allowance following the fiscal yearend to each eligible retiree in pay status as of that
January, including joint and survivor and term certain beneficiaries, under this chapter. The
board may only make one payment under this section.

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If the board determines that the fund has obtained a total return on investments of nine and
six hundredths percent or higher for the fiscal year ending June 30, 2007, or June 30, 2008, the
board shall authorize an additional payment equal to seventy-five percent of the January
retirement allowance following the fiscal yearend to each eligible retiree in pay status as of that
January, including joint and survivor and term certain beneficiaries, under this chapter. The
board may only make one payment under this section.