Section 71-08-11-02 - [Effective 1/1/2025] Basis for calculation contributions - Salary reduction - Salary deferral arrangements1. Amounts deducted from a participating member's salary at the participating member's option to a qualified section 125 cafeteria plan, 401(k) plan, 403(b) plan, or 457 plan are part of wages or salary when calculating retirement contributions.2. Employee contributions paid by the employer under IRC 414(h) pursuant to a salary reduction agreement do not reduce wages or salary when calculating retirement contributions.3. Amounts contributed to a qualified section 125 cafeteria plan, 401(k) plan, 403(b) plan, or 457 plan by the employer are not part of wages or salary when calculating retirement contributions.N.D. Admin Code 71-08-11-02
Adopted by Administrative Rules Supplement 2024-395, January 2025, effective 1/1/2025.General Authority: NDCC 54-52-04
Law Implemented: NDCC 54-52.6-01, 54-52.6-02