North Dakota § 54-52.6-09.2 Additional employer contributions

North Dakota Statutes

§ 54-52.6-09.2 — Additional employer contributions

North Dakota § 54-52.6-09.2

Title 54State Government

Ch. 54-52.6Defined Contribution Retirement Plan

This text of North Dakota § 54-52.6-09.2 (Additional employer contributions) 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 § 54-52.6-09.2 (2026).

Text

Additional lump sum contributions by an employer to a participating member's defined contribution retirement plan account may be made if the participating member has not retired and has not received a retirement benefit under this chapter. Contributions may be made in an amount actuarially equivalent to the amounts determined pursuant to chapter 54-52 as follows:

1.For the conversion of sick leave pursuant to section 54-52-27 if the participating member has four or more years of service.

2.The equivalent of up to five years of service credit unrelated to any other eligible service as provided in subsection 5 of section 54-52-29 if the participating member has twenty-five or more years of service.

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Additional lump sum contributions by an employer to a participating member's defined
contribution retirement plan account may be made if the participating member has not retired
and has not received a retirement benefit under this chapter. Contributions may be made in an
amount actuarially equivalent to the amounts determined pursuant to chapter 54-52 as follows:
1. For the conversion of sick leave pursuant to section 54-52-27 if the participating
member has four or more years of service.
2. The equivalent of up to five years of service credit unrelated to any other eligible
service as provided in subsection 5 of section 54-52-29 if the participating member has
twenty-five or more years of service.