§ 54-52.6-01 Definition of terms
§ 54-52.6-02 Election
§ 54-52.6-02.1 Participation in defined contribution retirement plan
§ 54-52.6-02.2 Election after December 31, 2023 – Additional employer contribution
§ 54-52.6-03 Transfer of accumulated fund balances
§ 54-52.6-03.1 Changes to election
§ 54-52.6-04 Administration
§ 54-52.6-05 Direction of investments
§ 54-52.6-05.1 Annuity provider – Qualifications
§ 54-52.6-06 Administrative expenses – Continuing appropriation
§ 54-52.6-07 Participation in other plans
§ 54-52.6-08 Credit of transfers
§ 54-52.6-09 Contributions – Penalty
§ 54-52.6-09.1 Acceptance of rollovers
§ 54-52.6-09.2 Additional employer contributions
§ 54-52.6-09.4 Military service under the Uniformed Services Employment and Reemployment Rights Act – Member retirement credit
§ 54-52.6-09.5 Employer contribution for defined benefit plan
§ 54-52.6-09.6 Participation by temporary employees
§ 54-52.6-10 Vesting
§ 54-52.6-11 Refund beneficiaries
§ 54-52.6-12 Qualified domestic relations orders
§ 54-52.6-13 Distributions
§ 54-52.6-14 Disability benefits
§ 54-52.6-15 Board to provide information
§ 54-52.6-16 State income tax deductions
§ 54-52.6-17 Exemption from state premium tax
§ 54-52.6-18 Savings clause
§ 54-52.6-19 Overpayments
§ 54-52.6-20 Correction of records
§ 54-52.6-21 Internal Revenue Code compliance
§ 54-52.6-22 Report to employee benefits programs committee
§ 54-52.6-23 Savings clause – Plan modification

Terms Used In North Dakota Code > Chapter 54-52.6 - Defined Contribution Retirement Plan

  • 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.
  • 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.
  • Embezzlement: In most states, embezzlement is defined as theft/larceny of assets (money or property) by a person in a position of trust or responsibility over those assets. Embezzlement typically occurs in the employment and corporate settings. Source: OCC
  • Fiduciary: A trustee, executor, or administrator.
  • following: when used by way of reference to a chapter or other part of a statute means the next preceding or next following chapter or other part. See North Dakota Code 1-01-49
  • Fraud: Intentional deception resulting in injury to another.
  • Individual: means a human being. See North Dakota Code 1-01-49
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Legislative session: That part of a chamber's daily session in which it considers legislative business (bills, resolutions, and actions related thereto).
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • 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
  • Trustee: A person or institution holding and administering property in trust.
  • week: means seven consecutive days and the word "month" a calendar month. See North Dakota Code 1-01-33
  • written: include "typewriting" and "typewritten" and "printing" and "printed" except in the case of signatures and when the words are used by way of contrast to typewriting and printing. See North Dakota Code 1-01-37
  • year: means twelve consecutive months. See North Dakota Code 1-01-33