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ND SB2108
Bill
AI Summary
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Highway patrolmen's retirement plan members increase contributions from 10.30% to 11.30% (January 2012) and then to 12.30% (January 2013) of monthly salary, with state employer contributions increasing by one percent each year to the same dates
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Public employees retirement system members increase contributions from 4% to 5% (January 2012) and then to 6% (January 2013) of monthly salary, with employer contributions increasing by one percent each year to the same dates
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Supreme and district court judges increase contributions from 5% to 6% (January 2012) and then to 7% (January 2013), with state contributions increasing by one percent each year
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Peace officers and correctional officers employed by political subdivisions increase contributions by one-half of one percent (January 2012) and an additional one-half of one percent (January 2013), with employer contributions determined as actuarially required
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Temporary employees participating in retirement systems increase contributions by two percent times their monthly salary (January 2012) and an additional two percent (January 2013)
Legislative Description
Increased employer and employee contributions under the highway patrolmen's retirement plan and public employees retirement system.
Last Action
Filed with Secretary Of State 04/26
4/27/2011