71-08-12-01. Participation.

A political subdivision may choose to extend the benefits of the defined contribution plan to its employees by agreeing to abide by the terms of the defined contribution plan and rules developed by the board, executing a participation agreement, and submitting a copy of a signed resolution adopted by the governing authority electing to appoint the retirement board to administer its defined contribution retirement plan.

History: Effective July 1, 2026.

General Authority: NDCC 54-52-04

Law Implemented: NDCC 54-52-02.1