North Dakota § 40-46-27 Pension cost of living increase

North Dakota Statutes

§ 40-46-27 — Pension cost of living increase

North Dakota § 40-46-27

Title 40Municipal Government

Ch. 40-46Employees' Pensions in Cities

This text of North Dakota § 40-46-27 (Pension cost of living increase) 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 § 40-46-27 (2026).

Text

In July of each year, the city employees' pension board may add, if found actuarially sound,
a cost of living increase to the monthly amounts paid beneficiaries. The total monthly 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 city's employment service
as held by the retiree in the last month of the retiree's employment.

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In July of each year, the city employees' pension board may add, if found actuarially sound,
a cost of living increase to the monthly amounts paid beneficiaries. The total monthly 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 city's employment service
as held by the retiree in the last month of the retiree's employment.