North Dakota § 40-46-06 Board of trustees - Management of pension fund - What constitutes - Officers - Bond of auditor - Compensation

North Dakota Statutes

§ 40-46-06 — Board of trustees - Management of pension fund - What constitutes - Officers - Bond of auditor - Compensation

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

Officers - Bond of auditor - Compensation.
The executive officer, the city auditor, the city attorney, and two persons elected by and from
the members of the city employees' pension plan, which persons are currently being assessed,
shall constitute the board of trustees for the management of the city employees' pension fund.
No member shall be eligible for election until the member has eight years of service as a city
employee. The election shall be held on the second Tuesday in June of each year. Each elected
member shall serve for a term of two years, except that at the first election one trustee shall be
elected for a term of one year and the other for a term of two years. The terms of elected
members shall commence on July first of each year. The executive officer shall be the presiden

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Officers - Bond of auditor - Compensation.
The executive officer, the city auditor, the city attorney, and two persons elected by and from
the members of the city employees' pension plan, which persons are currently being assessed,
shall constitute the board of trustees for the management of the city employees' pension fund.
No member shall be eligible for election until the member has eight years of service as a city
employee. The election shall be held on the second Tuesday in June of each year. Each elected
member shall serve for a term of two years, except that at the first election one trustee shall be
elected for a term of one year and the other for a term of two years. The terms of elected
members shall commence on July first of each year. The executive officer shall be the president

and the city auditor shall be the treasurer of the board. The faithful performance of the duties of
the treasurer shall be secured by that person's official bond as the city auditor. Such trustees
shall receive no compensation for their services as members of the board.

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