N.D. Cent. Code ch. 15-39.1 – Teachers' Fund for Retirement | Midpage

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North Dakota Century Code

Chapter 15-39.1

N.D. Cent. Code ch. 15-39.1

Teachers' Fund for Retirement

15-39.1-01Teachers' fund for retirement created 15-39.1-02Prior fund terminated 15-39.1-03Rights under prior chapter preserved 15-39.1-04Definitions 15-39.1-05Management of fund 15-39.1-05.1Board composition - Terms - Voting 15-39.1-05.2Board authority - Continuing appropriation 15-39.1-06Organization of board 15-39.1-07Vacancies - Rulemaking power 15-39.1-08Compensation of members 15-39.1-09Membership in fund and assessments - Employer payment of employee contribution (Contingent expiration date - See note)15-39.1-09.1Participation of nonpublic schoolteachers 15-39.1-10Eligibility for normal retirement benefits 15-39.1-10.1Postretirement adjustments 15-39.1-10.2Postretirement adjustments 15-39.1-10.3Multiple plan membership - Eligibility for benefits - Amount of benefits 15-39.1-10.4Postretirement adjustments 15-39.1-10.5Postretirement adjustments 15-39.1-10.6Benefit limitations 15-39.1-10.7Postretirement adjustments 15-39.1-10.8Postretirement adjustments 15-39.1-10.9Postretirement adjustment 15-39.1-10.10Postretirement adjustment 15-39.1-10.11Postretirement adjustments 15-39.1-10.12Supplemental retiree benefit payment 15-39.1-11Vesting of rights 15-39.1-12Early reduced retirement benefits 15-39.1-12.1Partial service retirement 15-39.1-12.2Benefit payments to alternate payee under domestic relations order 15-39.1-13Exemptions from legal process 15-39.1-14Retirement not mandatory 15-39.1-15Withdrawal from fund - Return to teaching 15-39.1-16Option of teachers eligible to receive annuities 15-39.1-17Death of member 15-39.1-18Disability retirements 15-39.1-19Annuities discontinued on resumption of teaching 15-39.1-19.1Retired teachers return to active service - Annuities discontinued on resumption of teaching over annual hour limit 15-39.1-19.2Retired teachers return to active service - Critical shortage areas and disciplines 15-39.1-19.3Membership in fund and assessment - Retired military personnel - Exception 15-39.1-20Withdrawal from fund 15-39.1-21Effect on existing obligations 15-39.1-22Annual audit 15-39.1-23Penalties for failure to make required reports and payments 15-39.1-24Purchase of additional credit 15-39.1-25Certain rights and obligations fixed 15-39.1-26Investment of moneys in fund - Interest and earnings attributable to fund 15-39.1-27Computation of years of service 15-39.1-28Tax levy for teachers' retirement 15-39.1-29Fraud against fund - Penalty 15-39.1-30Confidentiality of records 15-39.1-31Correction of errors - Adjustment to actuarial equivalent 15-39.1-32Correction of errors - Lump sum payment 15-39.1-33Employer service purchases 15-39.1-34Internal Revenue Code compliance 15-39.1-35Savings clause - Plan modifications