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Committee backs due pass for Highway Patrol retirement funding proposal, refers to appropriations
Summary
The committee heard testimony on Senate Bill 2120, a PERS Board request to stabilize the Highway Patrol Troopers Retirement System with a $35.7 million lump-sum deposit; the committee gave the bill a unanimous due pass and referred it to Appropriations.
The committee received testimony on Senate Bill 2120 from Derek Holbein, chief operating and financial officer for the North Dakota Public Employees Retirement System (NDPRS), who explained the Highway Patrol defined-benefit plan covers about 147 retirees and 167 active employees and that many troopers do not participate in Social Security…
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