North Dakota Code § 40-46-17

Insufficiency of pension fund to meet withdrawals - Apportioning contents
Open in Lexace · Ask the AI about this section
of fund to pensioned persons.
Whenever the sums of money in the employees' pension fund shall be insufficient to meet 
the demands of the withdrawals due to retirements, the board of trustees, in its judgment, shall 
apportion among the employees entitled to a pension such amount as is available in the 
pension fund.

‹ Prev All North Dakota sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.