1. For each month the system receives a payment toward a purchase contract, the member will earn a proportion of service credit.

2. Member acceptance of a service purchase contract extinguishes all pending service purchase cost estimates, excluding purchase of unused sick leave.

3. Service purchase contracts set up on a payment plan and only partially paid must have the remaining unpaid portion of service credit included whenever preparing a new service purchase cost calculation.

History: Effective October 1, 1991; amended effective June 1, 1996; May 1, 2004; July 1, 2010; July 1, 2026.

General Authority: NDCC 39-03.1-06, 39-03.1-10.1, 39-03.1-14.1

Law Implemented: NDCC 39-03.1-08.2, 39-03.1-10.1, 39-03.1-14.1