The bill proposes a transfer of $15,000,000 from the strategic investment and improvements fund to the highway patrol troopers' retirement system fund. This transfer is intended to enhance the funded liability of the highway patrol troopers' retirement plan for the biennium starting July 1, 2025, and ending June 30, 2027.
The legislative assembly of North Dakota has passed this bill with strong support, as indicated by the Senate vote of 46 in favor and none against, and a House vote of 83 in favor with 6 opposed. The bill aims to ensure the financial stability and sustainability of the retirement system for highway patrol troopers.