The bill amends several sections of the North Dakota Century Code to update the membership criteria and retirement benefits for the public employees retirement system, specifically for firefighters and peace officers. Notably, it defines "firefighter" to include those employed by the state or a political subdivision, with specific employment requirements for those hired after July 31, 2017. The bill also modifies contribution rates for firefighters and peace officers, establishing a six percent contribution for state-employed firefighters and peace officers, while detailing the employer's contribution responsibilities.

Additionally, the bill revises the retirement date definitions and benefits calculations for various categories of employees, including firefighters and peace officers. It introduces a new early retirement benefit structure, which includes a fixed reduction rate for those who retire before the normal retirement age. The amendments also clarify the calculation of normal retirement benefits, particularly for peace officers employed by the bureau of criminal investigation, while removing previous provisions related to peace officers employed by the state. Overall, the bill aims to enhance the retirement framework for public employees in North Dakota, ensuring clarity and fairness in the benefits provided.

Statutes affected:
INTRODUCED: 54-52-01, 54-52-06.4, 54-52-17
Enrollment: 54-52-01, 54-52-06.4, 54-52-17
PREFILED: 54-52-01, 54-52-06.4, 54-52-17