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·Title 40 Municipal Government·Ch. 40-46 Employees' Pensions in Cities

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.

North Dakota § 40-46-02 (Tax levy for city employees' pension fund authorized - Limitations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.