NDPERS definition

NDPERS. 000 Xxxx Xxxxxxxx• XX Xxx 0000 • Xxxxxxxx • Xxxxx Xxxxxx 00000-0000 (701) 328- 3900 • 0-000-000-0000 • Fax 000-000-0000

NDPERS. 000 Xxxx Xxxxxxxx • XX Xxx 0000 • Xxxxxxxx • Xxxxx Xxxxxx 00000-0000 (701) 328- 3900 • 0-000-000-0000 • Fax 000-000-0000 Employee Name (Last, First, Middle) NDPERS Member ID Last Four Digits of Social Security Number Date of Birth (mm/dd/yyyy) I, as named above (the “Employee”), an employee of the State of North Dakota or a participating political subdivision (the “Employer”) and a member of the North Dakota Public Employees Retirement System (the “Retirement System”), hereby authorize the Employer to deduct the following amounts from my compensation and to directly contribute such amounts to the Retirement System as employer pick-up contributions pursuant to Section 414(h)(2) of the Internal Revenue Code for the purchase of certain service credit as described below. Deduction Begin Date Deduction End Date Monthly Deduction Amount Description of Service Credit Being Purchased The undersigned agrees, acknowledges and understands the following

NDPERS means the North Dakota Public Employees Retirement System, as authorized in Chapter 54-52 of the North Dakota Century Code and implementing rules and regulations enacted by the State of North Dakota.

Examples of NDPERS in a sentence

• For purposes of measuring the net pension liability, deferred outflows of resources and deferred inflows of resources related to pensions, and pension expense, information about the fiduciary net position of the North Dakota Public Employees Retirement System (NDPERS) and additions to/deductions from NDPERS’ fiduciary net position have been determined on the same basis as they are reported by NDPERS.

• The Board consists of a Chairman, who is appointed by the Governor; one member appointed by the Attorney General; one member appointed by the State Health Officer; three members elected by the active membership of the NDPERS system, one member elected by the retired public employees and two members of the legislative assembly appointed by the chairman of the legislative management.

• The following brief description of NDPERS is provided for general information purposes only.

• For purposes of measuring the net OPEB liability, deferred outflows of resources and deferred inflows of resources related to OPEB, and OPEB expense, information about the fiduciary net position of the North Dakota Public Employees Retirement System (NDPERS) and additions to/deductions from NDPERS’ fiduciary net position have been determined on the same basis as they are reported by NDPERS.

• Responsibility for administration of the NDPERS defined benefit OPEB plan is assigned to a Board comprised of nine members.

• Detailed information about the pension plan's fiduciary net position is available in the separately issued NDPERS financial report.

• Responsibility for administration of the NDPERS defined benefit pension plan is assigned to a Board comprised of nine members.

• NDPERS OPEB plan is a cost-sharing multiple-employer defined benefit OPEB plan that covers members receiving retirement benefits from the PERS, the HPRS, and Judges retired under Chapter 27-17 of the North Dakota Century Code a credit toward their monthly health insurance premium under the state health plan based upon the member's years of credited service.

• NDPERS is a cost-sharing multiple-employer defined benefit pension plan that covers substantially all employees of the State of North Dakota, its agencies and various participating political subdivisions.

• FILING PROCEDURE: Original to NDPERS – Please retain a photocopy for your records.