Organization of public employees retirement board.

71-01-01-01. Organization of public employees retirement board. 1. History. The 1965 legislative assembly created the public employees retirement system by legislation codified as North Dakota Century Code chapter 54-52. The starting date of the program was July 1, 1966. The board acts as the administrating body to manage the public employees retirement system, the judges retirement system, the highway patrol retirement system, the national guard security officers and firefighters system, the uniform group insurance program, the deferred compensation plan, the prefunded retiree health program, and a pretax benefit program for public employees. 2. Board membership. The board consists of eleven members. Four are members of the legislative assembly. The majority leader of the house of representatives shall appoint two members of the house of representatives and the majority leader of the senate shall appoint two members of the senate. The members of the legislature shall serve a term of two years, at the pleasure of the appointing majority leader. Four members of the board must be appointed by the governor to serve a term of five years, at the pleasure of the governor. Three members are elected by the active membership of the system to serve a term of five years. 3. Executive director. The executive director is appointed by the board and is responsible for the administration of the day-to-day activities of the retirement systems, the prefunded retiree health program, the uniform group insurance program, the deferred compensation program, and the pretax benefit program for public employees. 4. Inquiries. Inquiries regarding the board may be addressed to: Executive Director Box 1657 Bismarck, North Dakota 58502 History: Effective November 1, 1981; amended effective November 1, 1985; April 1, 1988; September 1, 1989; January 1, 1992; May 1, 2004; April 1, 2016; January 1, 2025. General Authority: NDCC 54-52-04 Law Implemented: NDCC 54-52-03 1