North Dakota § 40-46-04 Membership fees and assessments

North Dakota Statutes

§ 40-46-04 — Membership fees and assessments

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

Every full-time city employee who qualifies for membership in the city employees' pension
fund shall, at the time of employment, pay to the treasurer of the pension fund a membership
fee to be fixed by the board of trustees in an amount not exceeding twenty-five dollars. Each
member shall be assessed and required to pay annually an amount not more than seven
percent, to be determined by the board of trustees, upon the amount of annual salary paid to the
member, and such assessment shall be deducted and retained out of such salary in equal
monthly installments. No assessment shall be made after retirement.

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Every full-time city employee who qualifies for membership in the city employees' pension
fund shall, at the time of employment, pay to the treasurer of the pension fund a membership
fee to be fixed by the board of trustees in an amount not exceeding twenty-five dollars. Each
member shall be assessed and required to pay annually an amount not more than seven
percent, to be determined by the board of trustees, upon the amount of annual salary paid to the
member, and such assessment shall be deducted and retained out of such salary in equal
monthly installments. No assessment shall be made after retirement.

North Dakota § 40-46-04 (Membership fees and assessments) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.