# Title 71 — Retirement Board

## Article 71-04 — Deferred Compensation Plan for Public Employees

## Chapter 71-04-02 — Plan Design

### § 71-04-02-01. Plan design.

The retirement board shall establish a deferred compensation plan as allowed under section 457 of
the Internal Revenue Code. The plan shall contain sections dealing with definitions, administration, plan
participation, benefits, withdrawals, and other areas as determined by the retirement board.
History: Effective April 1, 1989.
General Authority: NDCC 28-32-02
Law Implemented: NDCC 54-52.2-03
