North Dakota Administrative Code › Title 71 - Retirement Board › Article 71-06 - Retiree Health Insurance Credit › Chapter 71-06-01 - Retiree Health Insurance Credit › Section 71-06-01-02 - Calculation of retiree health insurance credit

Current through Supplement No. 393, July, 2024
Retiree health insurance credit will be calculated on actual
				  years and months of service, identical to retirement benefits under North
				  Dakota Century Code chapter 54-52.
1.
				Retiree health insurance credit will be subject to reduction factors in the
				event of early retirement.
For annuitants of the public employees retirement system
				  defined benefit plan and North Dakota public employees retirement system
				  judges, and for members of the defined contribution retirement plan, excluding
				  national guard/law enforcement and highway patrol retirees, who take a periodic
				  distribution:
Age at Retirement
Reduction Factor
Age at Retirement
Reduction Factor
64 to 65
3%
59 to 60
33%
63 to 64
9%
58 to 59
39%
62 to 63
15%
57 to 58
45%
61 to 62
21%
56 to 57
51%
60 to 61
27%
55 to 56
57%
For annuitants of the job service retirement program: This
				  includes those who retired under a discontinued service annuity but does not
				  include those who retired at a normal or optional date.
Age at Retirement
Reduction Factor
Age at Retirement
Reduction Factor
Age at Retirement
Reduction Factor
64 to 65
3%
59 to 60
33%
54 to 55
63%
63 to 64
9%
58 to 59
39%
53 to 54
69%
62 to 63
15%
57 to 58
45%
52 to 53
75%
61 to 62
21%
56 to 57
51%
51 to 52
81%
60 to 61
27%
55 to 56
57%
50 to 51
87%
For annuitants of the highway patrol fund and national
				  guard/law enforcement retirees and national guard/law enforcement retirees who
				  transferred to the defined contribution retirement plan:
Age at Retirement
Reduction Factor
54 to 55
3%
53 to 54
9%
52 to 53
15%
51 to 52
21%
50 to 51
27%
2.
				Disabled annuitants receiving benefits under subdivision g of subsection 3 of
				North Dakota Century Code section 54-52-17, subdivision d of subsection 3 of
				North Dakota Century Code section 39-03.1-11, North Dakota Century Code section
				52-11-01, or section 71-02-05-05 will be eligible for full retiree health
				insurance credit benefits. No age reduction factor will be applied.
3. A surviving spouse eligible to receive
				benefits under paragraph 2 of subdivision a and paragraphs 2 and 3 of
				subdivision b of subsection 6 of North Dakota Century Code section 54-52-17,
				subdivision b of subsection 6 of North Dakota Century Code section 39-03.1-11,
				or North Dakota Century Code section 52-11-01 will receive retiree health
				insurance credit based on the deceased member's years of service without any
				age reduction applied.
4. A
				surviving spouse receiving benefits under the provisions of subdivision b, c,
				d, or e of subsection 9 of North Dakota Century Code section 54-52-17;
				subdivisions a, b, and c of subsection 5 of North Dakota Century Code section
				27-17-01; subsection 9 of North Dakota Century Code section 39-03.1-11; or
				North Dakota Century Code section 52-11-01 will receive retiree health
				insurance credit for the duration benefits are paid, based upon the original
				annuitant's retirement age.
General Authority:
NDCC 54-52.1-03.2(b)
Law Implemented:
NDCC
					 54-52.1-03.3