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ND SB2023

Bill

Official Source

Status

Passed

4/29/2023

Primary Sponsor

Appropriations

Click for details

Origin

Senate

68th Legislative Assembly

AI Summary

  • Appropriates $10,903,218 in special funds to the Public Employees Retirement System for the biennium beginning July 1, 2023, and ending June 30, 2025, including $7,738,479 for salaries and wages, $2,542,712 for operating expenses, and $372,027 for defined benefit plan closure
  • Authorizes 40.50 full-time equivalent positions (5.00 new positions) for the retirement system during the biennium
  • Designates $455,000 as one-time funding for the 2023-25 biennium, including $125,000 each for PERSLink business system upgrades and modifications, and $200,000 for temporary salaries
  • Makes the $372,027 defined benefit plan closure line item contingent on the sixty-eighth legislative assembly closing the main system defined benefit retirement plan to new hires
  • Allows the retirement system to request up to $479,660 in additional funding transfers from the new and vacant FTE funding pool for salaries and wages related to plan closure positions

Legislative Description

AN ACT to provide an appropriation for defraying the expenses of the public employees retirement system; and to provide a contingent appropriation.

Last Action

Filed with Secretary Of State 04/29

5/18/2023

Committee Referrals

Appropriations2/17/2023
Appropriations1/3/2023

Full Bill Text

No bill text available