North Dakota Administrative Code
Title 71 - Retirement Board
Article 71-07 - Pretax Benefits Program
Chapter 71-07-01 - General Organization
Section 71-07-01-03 - Program moneys

Within six months of the end of the plan year, the executive director must return to the payroll clearing account any surplus in the pretax benefits account. Surplus includes employer Federal Insurance Contributions Act tax savings and forfeited employee account balances not used to offset the administrative expenses of the program, negative account balances, and the projected funds necessary to provide for short-term cashflow requirements when paying claims in the new plan year for the medical spending account.

General Authority: NDCC 54-52-04

Law Implemented: NDCC 54-52.3-06