This bill appropriates funds for the public employees retirement system in North Dakota for the biennium from July 1, 2025, to June 30, 2027. The total special funds allocated amount to $14,054,162, which includes base level enhancements for salaries and wages, operating expenses, and contingencies. Notably, the bill introduces a new line item for "Base Level Enhancements Appropriation" and allocates $250,000 for contingencies. Additionally, it establishes a new and vacant FTE pool with a budget of $607,917, increasing the total full-time equivalent positions from 40.50 to 42.50.
Furthermore, the bill outlines one-time funding for automating the PERSLink business system, amounting to $539,595, which is not included in the base budget for the 2027-29 biennium. The public employees retirement system is restricted from spending funds from the new and vacant FTE pool but may request a transfer of these funds to the salaries and wages line item as needed, subject to legislative approval.