NDAC 71-08-11-01

Adjustment for bonuses, profit sharing, and contributions paid in a month other than month earned

Last amended: 2025Year: 2026Length: 89 wordsOfficial source

Cite as N.D. Admin. Code ยง 71-08-11-01

Adjustments for the following must be made for all participating members: 1. Participating employers shall report bonuses or profit-sharing amounts paid when remitting the contribution associated with the bonus. Recruitment and retention bonuses paid pursuant to North Dakota Century Code section 54-06-31 are not eligible for consideration as salary and contributions associated with those bonuses may not be submitted. 2. Bonuses or profit-sharing amounts may not be submitted to the public employees retirement system for any month other than the month the amount is paid to the participating employer.