North Dakota § 40-45-28 Pension cost of living increase

North Dakota Statutes

§ 40-45-28 — Pension cost of living increase

North Dakota § 40-45-28

Title 40Municipal Government

Ch. 40-45Police Pensions in Cities

This text of North Dakota § 40-45-28 (Pension cost of living increase) 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 § 40-45-28 (2026).

Text

In July of each year, the police pension board may add, if found actuarially sound, a cost of
living increase to the monthly amounts paid beneficiaries from the pension fund. The total
monthly pension payment under this section shall not exceed sixty percent of the monthly salary
average during the preceding thirty-six months for the same or comparable position in the police
department as held by the retiree in the retiree's last month before retirement.

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In July of each year, the police pension board may add, if found actuarially sound, a cost of
living increase to the monthly amounts paid beneficiaries from the pension fund. The total
monthly pension payment under this section shall not exceed sixty percent of the monthly salary
average during the preceding thirty-six months for the same or comparable position in the police
department as held by the retiree in the retiree's last month before retirement.