§ 54-52.2-01 Deferred compensation program for public employees – Contract
§ 54-52.2-02 Deferred employee’s compensation – Agreements
§ 54-52.2-03 Deferred compensation program – Administration – Contract for services
§ 54-52.2-03.2 Deferred compensation program – Board authority – Provider information
§ 54-52.2-03.3 Benefit payments to alternate payee under qualified domestic relations order
§ 54-52.2-04 Definition – Employee
§ 54-52.2-05 Administrators authorized to make payments or investments
§ 54-52.2-06 Deferred compensation program – Benefits – Taxation – Exemption from judicial process – Assignment
§ 54-52.2-07 Liability under deferred compensation program
§ 54-52.2-08 Employer contribution
§ 54-52.2-09 Employer match for members of defined contribution retirement plan

Terms Used In North Dakota Code > Chapter 54-52.2 - Deferred Compensation Plan for Public Employees

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Attachment: A procedure by which a person's property is seized to pay judgments levied by the court.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
  • Contract: A legal written agreement that becomes binding when signed.
  • Dependent: A person dependent for support upon another.
  • Fiduciary: A trustee, executor, or administrator.
  • Garnishment: Generally, garnishment is a court proceeding in which a creditor asks a court to order a third party who owes money to the debtor or otherwise holds assets belonging to the debtor to turn over to the creditor any of the debtor
  • Individual: means a human being. See North Dakota Code 1-01-49
  • Person: means an individual, organization, government, political subdivision, or government agency or instrumentality. See North Dakota Code 1-01-49
  • Process: means a writ or summons issued in the course of judicial proceedings. See North Dakota Code 1-01-49
  • Property: includes property, real and personal. See North Dakota Code 1-01-49
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See North Dakota Code 1-01-49
  • week: means seven consecutive days and the word "month" a calendar month. See North Dakota Code 1-01-33
  • year: means twelve consecutive months. See North Dakota Code 1-01-33