(Repealed effective January 1, 2025) The required increase in the amount of member and employer contributions under section 54-52-02.9, 54-52-05, 54-52-06, 54-52-06.1, 54-52-06.3, 54-52.6-02, and 54-52.6-09 must be reduced to the rate in effect on July 1, 2013, effective on the July first that follows the first valuation of the public employees retirement system main system showing a ratio of the actuarial value of assets to the actuarial accrued liability of the public employees retirement system main system that is equal to or greater than one hundred percent.

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Terms Used In North Dakota Code 54-52-06.5

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.