Citizen Portal
Sign In

Get Full Government Meeting Transcripts, Videos, & Alerts Forever!

Get email alerts on the Employee Benefits topic

No spam. Unsubscribe anytime.

Cavalier County will cover up to 15.25% of employee retirement contributions under new NDPERS plan

Board of Commissioners of Cavalier County, North Dakota · June 4, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

The board approved paying both the employee and employer share—up to a maximum of 15.25%—for the new North Dakota Public Employees Retirement System (NDPERS) Defined Contribution plan effective Jan. 1, 2025; the benefit applies depending on each employee's election.

The Cavalier County Board of Commissioners voted June 4 to pay both the employer and employee shares for a new defined contribution retirement plan through the North Dakota Public Employees Retirement System (NDPERS), up to a combined maximum of 15.25 percent, starting Jan. 1, 2025.

Auditor Lisa Gellner gave commissioners an overview of the new NDPERS plan and its implementation date. Commissioner Stanley Dick moved to pay both the employee and employer share, with the combined contribution capped at 15.25 percent depending on what each employee elects to opt into; Nick Moser seconded the motion and it carried.

The board did not record which employees have already elected into the new plan or estimate the county’s total fiscal exposure under the contribution policy during the June 4 meeting. Commissioners described the vote as a benefit policy decision to support employees’ retirement contributions under the state program; staff will implement the payroll changes required when the plan becomes effective.

There was no formal amendment or alternative funding source announced during the meeting; the minutes state only that the board approved payment of the shares up to the stated maximum.