Partial lump sum distribution option.

82-05-02-05. Partial lump sum distribution option. A member who is eligible for an unreduced service retirement annuity may receive a portion of the retirement annuity paid in a lump sum distribution as provided in North Dakota Century Code section 15-39.1-16. The lump sum distribution may be paid in a direct rollover as outlined in North Dakota Century Code section 15-39.1-20. History: Effective May 1, 2004. General Authority: NDCC 15-39.1-07 Law Implemented: NDCC 15-39.1-16 2