Contributions transferred from defined benefit retirement plan

1. The lump sum amount to be transferred from the defined benefit retirement plan under North Dakota Century Code section 54-52.6-02.2 and North Dakota Century Code section 54-52.6-03 based on the actuarial present value of the eligible employee's accumulated benefit obligation as of January 1, 2025, includes the employee contribution portion and the employer contribution portion. 2. The employee contribution portion of the actuarial present value of the eligible employee accumulated benefit obligation means the employee's direct contribution to the defined benefit retirement plan under North Dakota Century Code chapter 54-52 plus the interest on the employee's contributions in the defined benefit retirement plan. 3. The employer contribution portion of the actuarial present value of the eligible employee's accumulated benefit obligation means the lump sum amount transferred minus the employee share. The employee shall vest in the employer contribution under the provisions found in North Dakota Century Code section 54-52.6-10.