North Dakota Century Code Title 39. Motor Vehicles § 39-03.1-10.2. Employer service purchases

1. The contributor may not be given the option to choose between an employer service purchase and an equivalent amount paid in cash.

2. The contributor must meet one of the following conditions at the time the purchase is made:

3. The board must determine the purchase price on an actuarially equivalent basis.

4. The purchase must be completed before the contributor's retirement.

5. The employer may purchase a maximum of five years of service credit on behalf of the contributor.

6. The employer must pay the purchase price for the service credit purchased under this section in a lump sum.