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ND Retirement and Investment Office
The TFFR Employer Guide is printed and distributed by the Retirement and Investment Office (RIO) to provide participating employers with a quick reference source for questions regarding TFFR reporting requirements. This booklet is not intended to encompass all aspects of TFFR reporting requirements. It will be updated periodically to reflect changes made to the plan (NDCC 15-39.1) by the Legislature. Detailed information can be obtained by contacting RIO. This publication can be made available in alternate formats.
Letter to Employers
Dear TFFR Employer:
As a participating TFFR employer, you play a very important role in the retirement program available to North Dakota educators. Thank you for efforts to ensure the proper reporting of member information and retirement contributions to TFFR.
The TFFR Employer Guide has been updated and is available on the TFFR website at www.nd.gov/rio. We hope you find this information helpful as a tool for training and as a resource when questions arise.
You may recall that member and employer contribution increases that became effective in 2012 and 2014 and benefit modifications for new and non-grandfathered members were designed to address declining funding levels brought on by the 2008 -09 economic down turn. Please help make TFFR members and school board/employers aware of these changes as future teacher contracts are negotiated.
Funding improvement legislation, along with a stable, healthy economy, should strengthen the TFFR plan, and help it to remain financially stable for decades to come.
On behalf of the TFFR Board of Trustees and RIO administrative staff, we pledge to you our continued commitment to administer a financially secure retirement program and make service to North Dakota's public school teachers and employers our number one priority.
Fay Kopp, CRA
TFFR Legislation - Implementation Considerations
Effective July 1, 2014:
Increase employer retirement contributions from 10.75% to 12.75% and employee retirement contributions from 9.75% to 11.75% of salaries of active members and re-employed retirees beginning July 1, 2014. Employer and employee contributions will reduce to 7.75% once TFFR reaches a 100% actuarial funded status.
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