North Dakota Administrative Code
Title 71 - Retirement Board
Article 71-04 - Deferred Compensation Plan for Public Employees
Chapter 71-04-04 - Retirement Board Responsibilities
Section 71-04-04-09 - Provider suspension
Current through Supplement No. 394, October, 2024
The board shall suspend a provider that does not meet the requirements under article 71-04 or North Dakota Century Code chapter 54-52.2. The board may apply either of the following two types of suspension:
1. Loss of active provider status. Under this type of suspension, the provider may not enroll any new participants. The provider may continue to receive contributions from existing members.
2. Loss of provider status. Under this type of suspension, the provider may not enroll any new participants nor receive any further contributions from existing members.
At least thirty days prior to suspension, the board shall send a certified letter to the provider indicating the board's intent to suspend and the reasons for the suspension. Any response from the provider must be reviewed by the board at the board's next scheduled meeting. A letter of intent does not need to be sent if the provider fails to meet the requirements of section 71-04-06-11. If the board decides to suspend a provider, the board shall send a certified letter of suspension to the provider stating the reasons for the suspension and the type of suspension.
General Authority: NDCC 54-52.2-03.2
Law Implemented: NDCC 54-52.2-03.2
