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ND HB1209
Bill
Status
5/20/2021
Primary Sponsor
Matthew Ruby
Click for details
AI Summary
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Legislative management shall develop a plan during the 2021-22 interim for new hires under the public employees retirement system main system to participate in the defined contribution plan instead of the defined benefit plan.
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The defined benefit plan shall close to new entries effective January 1, 2024.
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The study may use third-party contractor services upon approval of the legislative management chairman.
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Legislative management shall report findings, recommendations, and any required implementing legislation to the 68th legislative assembly.
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House passed 75-14 (5 absent); Senate passed 34-13 (0 absent).
Legislative Description
AN ACT to provide for a legislative management study of the public employees retirement system defined benefit and defined contribution retirement plans.
Last Action
Signed by Governor 05/07
5/20/2021