71-08-11-01. Adjustment for bonuses, profit sharing, and contributions paid in a month other than month earned.

Adjustments for the following must be made for all participating members:

1. Participating employers shall report bonuses or profit-sharing amounts paid when remitting the contribution associated with the bonus. Recruitment and retention bonuses paid pursuant to North Dakota Century Code section 54-06-31 are not eligible for consideration as salary and contributions associated with those bonuses may not be submitted.

2. Bonuses or profit-sharing amounts may not be submitted to the public employees retirement system for any month other than the month the amount is paid to the participating employer.

History: Effective January 1, 2025.

General Authority: NDCC 54-52-04, 54-52.6-01(8)

Law Implemented: NDCC 54-52.6-01, 54-52.6-02