The required increase in the amount of member and employer contributions under sections 39-03.1-09 and 39-03.1-10 must be reduced to the rate in effect on July 1, 2013, effective on the July first that follows the first valuation of the highway patrol troopers' retirement plan showing a ratio of the actuarial value of assets to the actuarial accrued liability of the highway patrol troopers' retirement plan that is equal to or greater than one hundred percent.
N.D. Cent. Code § 39-03.1-10.4
Reduction in member and employer contributions
Official source: North Dakota Legislative Branch. Reproduced from public-domain North Dakota statutes; confirm against the official source for the current text. Not legal advice.