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UPDATE: NEW FUNDS AVAILABLE FOR PURCHASE OF SERVICE CREDIT

Effective August 1, 2003, the NDPERS Defined Benefit Plan will be able to accept additional funds into the plan for the purpose of purchasing eligible service credit. These additional funds include 457, 403(b) and traditional IRAs. For more information about the provisions of purchasing service credit and the funds that are eligible, please refer to the Provisions for the Purchase of Service Credit and Conversion of Unused Sick Leave. To request a cost calculation for eligible service, a request for purchase information form must be completed and submitted to NDPERS. Phone requests for cost calculations will not be taken as of June 1, 2003.