This bill amends several sections of the North Dakota Century Code concerning the public employees retirement system, specifically focusing on the definitions and contributions related to firefighters and peace officers. Notably, the definition of "firefighter" is expanded to include those employed by the state or a political subdivision, with specific employment criteria established for those hired after July 31, 2017. Additionally, the bill modifies the contribution structure for firefighters and peace officers, specifying that both groups will contribute a percentage of their monthly salary, with varying rates based on their employment status and the date of their enrollment in the retirement system.

Furthermore, the bill revises the retirement benefit calculations for various categories of employees, including firefighters and peace officers, detailing the conditions under which they can retire and the benefits they will receive. It introduces a fixed reduction rate for early retirement benefits for certain members and clarifies the calculation of normal retirement benefits, particularly for peace officers employed by the bureau of criminal investigation. The amendments aim to ensure that the retirement system remains sustainable and equitable for all participating members while addressing the specific needs of firefighters and peace officers.

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