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Committee gives due pass to technical corrections for PERS statutes
Summary
The committee reviewed Senate Bill 2121, a set of technical corrections to statutes administered by the North Dakota Public Employees Retirement System. NDPRS said changes do not alter benefits or require extra funding; the committee gave the bill a unanimous due pass.
Rebecca Fricke, executive director of the North Dakota Public Employees Retirement System (NDPRS), introduced Senate Bill 2121 and described a set of technical corrections to retirement and benefits statutes. Fricke said the changes align statutory language with current administration, implement prior session changes (including fixes related to Bureau of Criminal Investigation vesting language), conform required minimum distribution ages to federal tax law, and allow Roth contributions in the deferred compensation plan per Secure 2.0 requirements. NDPRS said none of the bill's provisions have an actuarial effect or require additional funding.
The Employee Benefits Program Committee had reviewed an earlier version in the interim and provided a favorable recommendation; NDPRS submitted a small number of late technical edits related to BCI changes passed last session. Committee members offered no further questions and moved a due-pass recommendation. The committee recorded a unanimous due pass vote and will advance the bill through the legislative process.
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