SB 2306 Summary

• Amends North Dakota Century Code section 18-11-28 to modify firefighters relief association pension plans with city governing body consent

• Changes normal retirement date eligibility to age 55 with 10 years of service, with service pension benefit calculated at 2.5% of average final compensation times years of service, capped at 75%

• Modifies children's survivor benefits to extend through age 19 or high school completion (whichever occurs first) instead of age 18

• Revises disability pension provisions to reduce benefits dollar-for-dollar by earned income and other insurance payments before age 65, with reduction ending entirely at age 65

• Changes vested termination benefit commencement from age 55 to normal retirement age, with optional immediate payment of accumulated contributions