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ND HB1053
Bill
Status
1/3/2017
Primary Sponsor
Appropriations Committee
Click for details
AI Summary
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Increases temporary employee contributions by 2% effective January 2018 (in addition to previous 2% increases in 2012, 2013, and 2014), bringing total contribution rate to 14.12% of monthly salary.
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Increases regular member contributions by 1% effective January 2018 (in addition to previous 1% increases in 2012, 2013, and 2014), bringing total contribution rate to 7% of monthly salary.
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Increases governmental unit employer contributions by 1% effective January 2018 (in addition to previous 1% increases in 2012, 2013, and 2014), bringing total contribution rate to 7.12% of monthly salary.
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Increases defined contribution plan member and employer contributions by 1% each effective January 2018, following the same schedule as the defined benefit plan.
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Applies the January 2018 contribution increases to temporary employees in the defined contribution plan, requiring an additional 2% employee contribution increase.
Legislative Description
Increased employer and employee contributions under the public employees retirement system defined benefit and defined contribution plans.
Last Action
Second reading, failed to pass, yeas 0 nays 90
1/24/2017