The bill amends subsection 1 of section 15-39.1-05.1 of the North Dakota Century Code, which pertains to the composition of the teachers' fund for retirement board. The revised language specifies that the board of trustees will consist of members appointed by the governor from lists of nominees provided by various educational organizations. Specifically, the governor will appoint two active teachers, one school administrator, and two retired members of the fund, with the stipulation that any member who terminates their employment cannot continue to serve on the board.

Additionally, the bill introduces new provisions allowing the state treasurer or a designee from the office of the state treasurer, as well as the superintendent of public instruction or a designee from the department of public instruction, to serve on the board. This change aims to enhance the representation and expertise within the board by including designated officials from relevant state departments.

Statutes affected:
INTRODUCED: 15-39.1-05.1
Adopted by the Senate State and Local Government Committee: 15-39.1-05.1
FIRST ENGROSSMENT: 15-39.1-05.1
Enrollment: 15-39.1-05.1