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Current as of January 01, 2020 | Updated by FindLaw Staff
When a tier one member has earned three years of service credit in this state, that member has a vested right to a retirement annuity but is not entitled to payments under this chapter until the member meets the requirements set forth in section 15-39.1-10 or 15-39.1-12. When a tier two member has earned five years of service credit in this state, that member has a vested right to a retirement annuity but is not entitled to payments under this chapter until the member meets the requirements set forth in section 15-39.1-10 or 15-39.1-12. When a tier one or tier two member has attained normal retirement age that member has a vested right to a retirement annuity under this chapter.
Cite this article: FindLaw.com - North Dakota Century Code Title 15. Education § 15-39.1-11. Vesting of rights - last updated January 01, 2020 | https://codes.findlaw.com/nd/title-15-education/nd-cent-code-sect-15-39-1-11/
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