The early retirement benefit for members of the main plan first enrolled prior to January 1, 2016, and members of the national guard plan, the bureau of criminal investigation plan, the public safety plan, and the judges' plan must be an amount actuarially reduced from the single life retirement benefit by one-half of one percent for each month (six percent per year) the member is younger than the age at

which the member would be at the member's normal retirement date to account for benefit payments beginning before the normal retirement date.

History: Amended effective September 1, 1982; June 1, 1996; April 1, 2002; May 1, 2004; July 1, 2006; July 1, 2010; April 1, 2016; July 1, 2026.

General Authority: NDCC 54-52-04, 54-52-17

Law Implemented: NDCC 54-52-17