The law requires North Dakota’s Office of Management and Budget to move $15 million from the strategic investment and improvements fund into highway patrol troopers’ retirement funding.
The law requires a $15 million transfer from the strategic investment and improvements fund to highway patrol troopers’ retirement funding between July 1, 2025, and June 30, 2027.
North Dakota’s Office of Management and Budget must transfer $15 million to the highway patrol troopers’ retirement system fund. The money supports the retirement plan for North Dakota highway patrol troopers. The money must come from the strategic investment and improvements fund. The transfer aims to help the retirement plan cover more of its promised pension payments. The transfer must occur during the two-year budget period beginning July 1, 2025, and ending June 30, 2027.
No hearings or votes scheduled.