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HB 1113

AN ACT to create and enact a new section to chapter 54-52.2 of the North Dakota Century Code, relating to payment of administrative expenses for the public employees retirement system deferred compensation plan; and to provide a continuing appropriation.

69th Legislative Assembly (2025-26)

Authorizes PERS to deduct administrative expenses from participants' deferred compensation accounts and use payroll/administrative funds to pay consultants, creating a continuing appropriation.

Filed with Secretary Of State 04/03
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Bill Summary · HB 1113

HB 1113 — Summary (North Dakota, 2025 session)

Status: Filed with Secretary of State (04/03/2025)
Introduced: November 12, 2024
Citation: Creates a new section in chapter 54‑52.2, North Dakota Century Code

Main purpose

To authorize how administrative expenses for the Public Employees Retirement System (PERS) deferred compensation plan are paid and to establish a continuing appropriation allowing the PERS board to use certain internal accounts (payroll clearing and an administrative expenses account) to retain consultants and meet administration costs.

Key provisions / changes

  • Membership cost responsibility: A participating member must pay the plan's administrative expenses in a manner determined by the PERS board.
  • Methods to collect administrative expenses:
    • The board (or a vendor retained by the board) may charge reasonable administrative expenses and deduct them directly from a participant’s deferred compensation account.
    • The board may also pay administrative expenses from fines and fees collected from a vendor, as the board determines.
  • Accounting and deposits:
    • Vendor fines/fees and any amounts deducted from participants’ accounts are to be deposited into an administrative expenses account with the State Treasurer.
    • The board may use funds from (a) the payroll clearing account (established under section 54‑52.3‑03) and (b) the administrative expenses account to pay consulting expenses.
  • Continuing appropriation:
    • All monies in the payroll clearing account and the administrative expenses account are appropriated to the PERS board on a continuing basis for the purpose of retaining consultants necessary to administer chapter 54‑52.2.

Who is affected

  • Participating deferred compensation plan members — may see administrative fees charged and deducted from their individual accounts.
  • PERS board — gains explicit authority to determine payment methods and use specified internal funds for consulting and administrative costs.
  • Vendors retained by the board — may be a source of fines/fees to fund administration.
  • State Treasurer — holds the administrative expenses account where deposits are made.
  • Consultants retained to support plan administration — reimbursed from appropriated internal accounts.

Fiscal and procedural impacts

  • The bill does not create a traditional annual appropriation from the general fund; instead it provides a continuing appropriation of specific internal plan accounts to the board.
  • Effectively shifts plan administrative cost recovery toward participant-account deductions and vendor-sourced fines/fees rather than general fund support.
  • By authorizing a continuing appropriation, the board can retain consultants without separate annual appropriations for those internal accounts.

Implementation / timing

  • The bill adds a new section to NDCC chapter 54‑52.2 defining these authorities and the continuing appropriation.
  • Check final enactment documents for the official effective date and any implementing rules or board actions specifying deduction procedures and fee schedules.

Compiled from official sources — confirm details with the bill’s official record.

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