j. Contract approval
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j. Contract approval
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<br />EMPLOYER PARTICIPATION AGREEMENT IN THE <br />PRETAX SERVICE CREDIT PURCHASE PROGRAM THROUGH THE <br />NORTH DAKOTA PUBLIC EMPLOYEES RETIREMENT SYSTEM <br />RETIREMENT PLAN <br /> <br />This agreement is entered into by and between CASS COUNTY GOVERNMENT, Fargo, <br />North Dakota, as authorized by the resolution hereto attached, and the NORTH DAKOTA <br />PUBLIC EMPLOYEES RETIREMENT SYSTEM, as authorized by the Retirement Board <br />through its chairman and executive director, and shall be effective on May 1, 2004. <br /> <br />Whereas, Cass County Government, Fargo, North Dakota, currently participates in the <br />Public Employees Retirement System; and <br /> <br />Whereas, Cass County Government, Fargo, North Dakota, wishes to provide its <br />employees the opportunity to purchase service credit in the Public Employees Retirement <br />System with pre-tax contributions; and <br /> <br />Whereas, Cass County Government, Fargo, North Dakota, as reflected by the resolution <br />hereto attached, has affirmatively elected to pick up contributions for its employees who <br />elect to purchase service credit with pre-tax contributions; <br /> <br />Now, therefore, it is agreed and understood that: <br /> <br />1. <br /> <br />The requirements and restrictions found at N.D.C.C. § 54-52-05(3), and any rules <br />adopted or further amended by the Board, apply to the purchase arrangement. <br />Cass County Government, Fargo, North Dakota, understands and agrees that <br />under a purchase arrangement it must specify that the contributions, although <br />designated as employee contributions, are being paid by the employer in lieu of <br />contributions by the employee. As such, Cass County Government, Fargo, North <br />Dakota, hereby specifies that any contributions it makes on behalf of its employees <br />pursuant to this agreement are being paid by Cass County Government, Fargo, <br />North Dakota, in lieu of contributions by the employee; <br /> <br />2. <br /> <br />The employee must not be given the option of choosing to receive the contributed <br />amounts directly instead of having them paid by the employer to the pension plan; <br /> <br />3. <br /> <br />An employee's election to participate is irrevocable, and can only terminate upon <br />the employee's death, disability or termination of employment. <br />
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