Effective date of deferrals.

71-04-03-02. Effective date of deferrals. All deferrals are effective the payroll period ending in the month following the month in which the deferral is authorized. Deferrals cannot be requested or authorized for the month in which income is being earned. History: Effective April 1, 1989; amended effective July 1, 2010. General Authority: NDCC 28-32-02 Law Implemented: NDCC 54-52.2-03; IRC 457(b)(4)