52-09 Old-Age and Survivor Insurance
Download pdf
Loading PDF...
<![CDATA[CHAPTER 52-09OLD-AGE AND SURVIVOR INSURANCE52-09-01. System established. A retirement system is hereby created and establishedto become effective July 1, 1947, and to be known as the old-age and survivor insurance system,<br>hereinafter called system.52-09-02. Purpose of chapter. The purpose of this chapter is to promote economy andefficiency in the public service by providing an orderly means by which employees who become<br>superannuated may, without hardship or prejudice, be replaced by more capable employees, and<br>to that end providing a retirement system which will provide for the payment of annuities to public<br>employees or to their beneficiaries thereby enabling the employees to care for themselves and<br>their dependents, in old age or death, and which by its provisions will improve public employment<br>within the state, reduce excessive personnel turnover, and offer suitable attraction to high grade<br>men and women to enter public service in the state.52-09-02.1. Administration of chapter - Definition. The retirement board responsiblefor managing the public employees retirement system under chapter 54-52 shall administer this<br>chapter and the retirement system described in this chapter. The state treasurer shall manage<br>the old-age and survivors' insurance trust fund as provided in section 52-09-06. As used in this<br>chapter, the terms "bureau" and "agency" mean the retirement board of the public employees<br>retirement system, or that board's designated staff.52-09-03. Administration. The agency is vested with authority to administer the old-ageand survivor insurance system. Expenses for the administration of the system must be within the<br>limits of legislative appropriation.52-09-04. Enforcement of provisions of chapter. Repealed by S.L. 2003, ch. 446, </p>
<BR></DIV><!-- /.col.one --><!-- /.col.two --></DIV><!-- /.col.main --></DIV><!-- /div id = content -->
<BR class=clear></DIV>
<!-- /div id = livearea -->
<DIV></DIV><!-- /.col.one -->
<DIV></DIV><!-- /.col.main -->
<DIV></DIV><!-- /#content --><BR class=clear>
<DIV></DIV><!-- /#livearea -->
<!-- Footer-->
<DIV id=footer>
<DIV class=container>
<P class=copyright>Copyright © 2012-2022 Laws9.Com All rights reserved. </P><!-- /.copyright -->
<P class=footerlinks><A
href="/contactus.html">Contact Us</A> | <A href="/aboutus.html">About Us</A> | <A
href="/terms.html">Terms</A> | <A
href="/privacy.html">Privacy</A></P><!-- /.footerlinks -->
</DIV><!-- /.container -->
</DIV><!-- /footer -->
</BODY></HTML>
]]>