Early reduced retirement benefits
N.D. Cent. Code § 15-39.1-12
in effect15-39.1-12. Early reduced retirement benefits
A member who has acquired a vested right to a retirement annuity as set forth in section
15-39.1-11 and who has attained age fifty-five may retire prior to the normal retirement age as
set forth in section 15-39.1-10 but the benefits to which the member is then entitled must be
reduced according to the following schedule:
1. All tier one grandfathered member benefits must be reduced by six percent per annum
from the earlier of:
a. Age sixty-five; or
b. The age at which the sum of the member's current years of service credit and
years of age equals eighty-five.
2. All tier one nongrandfathered member and tier two member benefits must be reduced
by eight percent per annum from the earlier of:
a. Age sixty-five; or
b. The later of:
(1) Age sixty; or
(2) The age at which the sum of the member's current years of service credit
and years of age equals ninety.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t15c39-1.pdf#nameddest=15-39p1-12Fetched: 10/16/2026