NDAC 71-02-06-04
Adjustment for bonuses, profit sharing, and contributions paid in a month other
Cite as N.D. Admin. Code ยง 71-02-06-04
than month earned.
Adjustments for the following must be made for all members:
1.
Participating employers shall report bonuses or profit-sharing amounts paid when remitting the
contribution associated with the bonus. Recruitment and retention bonuses under North
Dakota Century Code section 54-06-31 are not eligible for consideration as salary and no
contributions associated with those types of bonuses shall be submitted.
2.
Bonuses or profit-sharing amounts paid by a participating employer other than pursuant to
North Dakota Century Code section 54-06-31 will be retroactively prorated over the applicable
prior twelve month period. Bonuses or profit-sharing amounts may not be submitted to the
public employees retirement system for future months.
3.
Upon receiving notice of contributions received in a month other than the month earned, the
office will assign contributions to the appropriate month.