North Dakota § 40-46-02 Tax levy for city employees' pension fund authorized - Limitations

North Dakota Statutes

§ 40-46-02 — Tax levy for city employees' pension fund authorized - Limitations

North Dakota § 40-46-02

Title 40Municipal Government

Ch. 40-46Employees' Pensions in Cities

This text of North Dakota § 40-46-02 (Tax levy for city employees' pension fund authorized - Limitations) 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 § 40-46-02 (2026).

Text

Any city may provide funding from revenues derived from its general fund levy authority for
the purpose of creating and maintaining a city employees' pension fund. A city may make
payment to any pension plan or retirement program for city employees that is approved by the
internal revenue service. Any pension system must be based on actuarial tables and actuarial
valuation must be performed at intervals of not more than five years.

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Any city may provide funding from revenues derived from its general fund levy authority for
the purpose of creating and maintaining a city employees' pension fund. A city may make
payment to any pension plan or retirement program for city employees that is approved by the
internal revenue service. Any pension system must be based on actuarial tables and actuarial
valuation must be performed at intervals of not more than five years.