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Bill

Bill

HB 1022

AN ACT to provide an appropriation for defraying the expenses of the retirement and investment office.

69th Legislative Assembly (2025-26)

North Dakota appropriates funds for the state retirement and investment office to cover administrative expenses for managing public employee pensions and state investments.

Filed with Secretary Of State 05/02
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Bill Summary · HB 1022

Legislative bill overview

HB 1022 is a budget appropriations bill that allocates funds to cover the operating expenses of North Dakota's retirement and investment office. The bill has completed the legislative process and was signed by the Governor on May 1, 2025, making it law.

Why is this important

The retirement and investment office manages public employee pension plans and state investment portfolios, directly affecting thousands of state employees, teachers, and retirees who depend on these systems. Adequate funding ensures the office can maintain administrative operations, investment management, and benefit processing services that millions of dollars in retirement assets depend upon.

Potential points of contention

  • Budget transparency: The bill text does not specify the exact appropriation amount or how funds are allocated across different functions, making it difficult for the public to assess whether spending is proportionate to actual needs
  • Investment performance accountability: Without seeing detailed budget breakdowns, it's unclear whether increased funding reflects necessary operational growth or inefficient spending
  • Pension system sustainability: Any appropriation to administrative costs diverts resources from actual benefit payments and investment contributions, raising questions about long-term pension fund health

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

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