Thursday, October 17, 2013

NDPERS retirement - State of North Dakota

NDPERS retirement - State of North DakotaNorth Dakota Public Employees Retirement System GROUP RETIREMENT PLAN NORTH DAKOTA PUBLIC EMPLOYEES RETIREMENT SYSTEM EFFECTIVE AUGUST 1, 2011 TO JULY 31, 2013 TABLE OF CONTENTS Introduction 2 Confidentiality Law 3 Contacting NDPERS 4 On-Line Services 5 Governing Authority 6 Your Retirement Plan 7 Eligibility 7 Contributions 9 Vested Employer Contribution (PEP) 10 Service Credit 11 Purchase of Service Credit 11 Vesting 17 Dual Membership 17 Benefits Available at Termination 18 Disability Benefits Available 21 Benefits Available at Retirement 24 Benefits & Return to Work 36 Retiree Health Insurance Credit Program 39 Death Benefits 42 Designation of Beneficiary 43 Benefits Counseling 44 Pre-Retirement Education Program (PREP) 44 Qualified Domestic Relations Orders 44 Durable Power of Attorney 45 Index of Forms

46 Refund/Rollover Checklist 47 Deferred Retirement Checklist 48 Retirement Checklist 49 Record of Important Documents 50 INTRODUCTION This retirement plan became effective July 1, 1966 following the passage of SB164 by the North Dakota Legislature in 1965. The plan was designed to provide retirement benefits in recognition of your service as a public employee. Your retirement program provides you with benefits at retirement or upon disability or death. Because these benefits represent an important source of security to you and your family, please read this publication carefully to ensure you understand your rights and responsibilities in becoming eligible for benefits. This publication is intended to provide general information and may not be considered to be a legal interpretation of retirement law. Statements contained in this handbook do not supersede the North Dakota Century Code or Administrative Code or restrict the authority granted to the Retirement Board. Material in this publication is current as of the 2011 session of the North Dakota legislature. This information is subject both to changes made by the legislature and rules and regulations established by the Board of the North Dakota Public Employees Retirement System (NDPERS). The benefits described in this publication pertain to NDPERS Defined Benefit plan- Mainsystem only. Retirement Plan eligibility requirements and benefits for the National Guard, Security Police and Firefighters, the Law Enforcement, the justices of the Supreme Court or judges of the District Courts, the Highway Patrol, and the NDPERS Defined Contribution plan are addressed in separate publications. In compliance with the Americans with Disabilities Act, this document can be provided in alternate formats. To request an alternative format, please call the NDPERS ADA coordinator at (701)328-3918 or call toll-free at 1-800-803-7377 if you are outside the Bismarck local calling area. All questions, comments and correspondence can be directed to the following address: North Dakota Public Employees Retirement System 400 East Broadway Ave, Suite 505 P.O. Box 1657 Bismarck, North Dakota 58502-1657 (701) 328-3900—Telephone (701) 328-3920 — Fax Number 1-800-803-7377 — Toll-Free Outside the Bismarck Calling Area Revision Date 02-2012 Page 2 CONFIDENTIALITY LAW All records of a member or beneficiary are confidential and not public records. Information and records may be disclosed under limited circumstances: A person to whom a member/beneficiary has given written consent. A person legally representing the member/beneficiary upon proper proof of representation, unless member/beneficiary withholds consent. A person authorized by court order. A member’s spouse or...

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