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Current as of January 01, 2024 | Updated by Findlaw Staff
An employee who first participated in the defined contribution retirement plan under chapter 54-52.6 after the day before the effective date of this Act, who elects to contribute less than the optional three percent of wages or salary under subdivision b of subsection 1 of section 54-52.6-09, who participates in the deferred compensation program under this chapter, qualifies for employer matching of contributions made under this section. The employee may elect to contribute an amount of wages or salary which does not exceed any remaining balance of the optional three percent contribution and the employer shall match this contribution. This section does not limit the ability of an employee to contribute unmatched wages or salary under this chapter, subject to federal contribution limitations.
Cite this article: FindLaw.com - North Dakota Century Code Title 54. State Government § 54-52.2-09. Employer match for members of defined contribution retirement plan (Effective on the date identified if the contingency is satisfied) - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-54-state-government/nd-cent-code-sect-54-52-2-09/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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