North Dakota legislation · 69th Legislative Assembly
North Dakota HB1234: AN ACT to provide a transfer from the strategic investment and improvements fund to the public employees retirement system fund; and to provide for a statement of legislative intent.
Status: Signed into law, April 25, 2025
What the bill says
An act to provide a transfer from the strategic investment and improvements fund to the public employees retirement system fund; and to provide for a statement of legislative intent.
From the enrolled text, April 21, 2025:
AN ACT to provide a transfer from the strategic investment and improvements fund to the public employees retirement system fund; and to provide for a statement of legislative intent. SECTION 1. TRANSFER - STRATEGIC INVESTMENT AND IMPROVEMENTS FUND TO PUBLIC EMPLOYEES RETIREMENT SYSTEM FUND. The office of management and budget shall transfer the sum of $25,000,000 from the strategic investment and improvements fund to the public employees retirement system fund, for the purpose of reducing the unfunded liability of the public employees retirement system main system defined benefit plan, during the biennium beginning July 1, 2025, and ending June 30, 2027. SECTION 2. LEGISLATIVE INTENT - PUBLIC EMPLOYEES RETIREMENT SYSTEM MAIN SYSTEM DEFINED BENEFIT PLAN. It is the intent of the sixty-ninth legislative assembly that the public employees retirement system use the $25,000,000 transferred in section 1 of this Act and the $65,000,000 projected to be deposited in the public employees retirement fund during the 2025-27 biennium pursuant to section 57-51.1-07.5 for reducing the unfunded liability of the public employees retirement system main system defined benefit plan. It is further the intent of the sixty-ninth legislative assembly that these transfers are in lieu of the public employees retirement system charging state governmental units the additional actuarially determined rate under section 54-52-06 during the 2025-27 biennium. H. B. NO. 1234 - …
Sponsors
- Jason Dockter (R, 7) · primary sponsor
- Glenn Bosch (R, 30)
- Dick Dever (R, 32)
- Mike Lefor (R, 37)
- Kristin Roers (R, 27)
- Austen Schauer (R, 13)
- Greg Stemen (R, 27)
Latest actions
- : Filed with Secretary Of State 04/23
- : Signed by Governor 04/23
- : Sent to Governor
- : Signed by Speaker
- : Signed by President
- : Second reading, passed, yeas 91 nays 0
- : Concurred
- : Returned to House (12)
- : Second reading, passed as amended, yeas 46 nays 0
- : Amendment adopted, placed on calendar
Votes
- Final Passage (April 17, 2025): 91 yea, 0 nay, passed
- Final Passage (April 2, 2025): 46 yea, 0 nay, passed
- Final Passage (February 14, 2025): 76 yea, 8 nay, passed
Common questions
- What is HB1234?
- HB1234 is a bill in the North Dakota Legislature (69th Legislative Assembly): AN ACT to provide a transfer from the strategic investment and improvements fund to the public employees retirement system fund; and to provide for a statement of legislative intent.
- What does HB1234 do?
- In its own words: An act to provide a transfer from the strategic investment and improvements fund to the public employees retirement system fund; and to provide for a statement of legislative intent.
- What is the status of HB1234?
- Signed into law as of April 25, 2025. Latest action: Filed with Secretary Of State 04/23 (April 25, 2025).
- Who sponsored HB1234?
- Jason Dockter (R, 7), with 6 co-sponsors.
- Where is the official record for HB1234?
- On the North Dakota Legislature website: https://ndlegis.gov/assembly/69-2025/regular/bill-overview/bo1234.html
Source: official North Dakota record. Tracked by Delilah, AI for legislation across all 50 states and Congress.