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

North Dakota Statutes

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

North Dakota·Title 40 Municipal Government·Ch. 40-45 Police Pensions in Cities

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

North Dakota § 40-45-28 (Pension cost of living increase) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.