N.D. Admin. Code 71-04-03-05

Current through Supplement No. 394, October, 2024

Section 71-04-03-05 - Unforeseeable emergency

A participant who, prior to separation from service, experiences an unforeseeable emergency as defined in section 71-04-01-01 may apply for a distribution of the participant's deferred compensation account to the extent reasonably needed to satisfy the financial need. The participant may make application by completing a financial hardship form and delivering it to the retirement board offices.

N.D. Admin Code 71-04-03-05

Effective April 1, 1989; amended effective July 1, 1994; April 1, 2002; July 1, 2010.

General Authority: NDCC 28-32-02, 54-52.2-03.2

Law Implemented: NDCC 54-52.2-03, 54-52.2-03.2