ND
North Dakota House Bill HB1321

North Dakota 2023-2024 Regular Session

North Dakota House Bill HB1321

Introduced
1/11/23  
Refer
1/11/23  
Report Pass
2/20/23  
Engrossed
3/3/23  
Refer
3/3/23  

Caption

Retirement board membership; to provide an effective date; and to declare an emergency.

Impact

Should HB 1321 pass, it could significantly influence state laws regarding retirement benefits and governance of retirement boards. Depending on its provisions, the bill may affect how retirement funds are managed and disbursed, potentially redefining existing practices for retirement boards across the state. The introduction of an emergency declaration mechanism implies urgency, suggesting that the bill's proponents believe immediate action is necessary to address critical issues facing retirement plans.

Summary

House Bill 1321 aims to address issues related to retirement board membership and include provisions for an effective date and an emergency declaration. The bill appears to be focused on restructuring or clarifying the roles and responsibilities of certain retirement boards, which may involve government employees and their pensions. Though specific details from committee discussions or the bill text are not available, the nature of the topics suggests a significant administrative overhaul pertaining to retirement benefits.

Sentiment

The sentiment surrounding HB 1321 is presumed to be mixed, given the complexity and sensitivity of retirement funding matters. Proponents may view the bill as a necessary step toward modernizing retirement board operations and ensuring that system management can adapt to current economic conditions. In contrast, skeptics may raise concerns regarding potential risks or changes in pension security for government employees, emphasizing the importance of carefully weighing decisions that could impact future retirements.

Contention

Discussions around HB 1321 may include notable points of contention related to the effectiveness and implications of the proposed changes to retirement board governance. Stakeholders may debate the pros and cons of altering retirement fund management, particularly concerning employee confidence in their pension security. As such, the bill's supporters and detractors could initially align their arguments around issues of efficiency versus protection, making the legislative review process crucial for balancing these interests.

Latest HB1321 Activity

Companion Bills

No companion bills found.

Previously Filed As

ND SB2164

Retirement board membership; to provide an effective date; and to declare an emergency.

ND HB1547

The membership of the public employees retirement system board; to provide for duties of the public employees retirement system and public employees retirement system board; to provide for a transition; to provide an exemption; to provide for retroactive application; and to provide an effective date.

ND SB2015

A transfer of Bank of North Dakota profits to a water infrastructure revolving loan fund; to provide for a transfer; to provide an exemption; to provide for a legislative management study; to provide a report; to provide a penalty; to provide for application; to provide a retroactive effective date; to provide a contingent effective date; to provide an effective date; and to declare an emergency.

ND HB1088

Membership of the state investment board and the legacy and budget stabilization fund advisory board; to provide an effective date; and to declare an emergency.

ND HB1379

The legacy sinking and interest fund and the legacy earnings fund; to provide an effective date; and to declare an emergency.

ND HB1548

The public employees retirement system retirement plans; to provide an exemption; to provide a contingent effective date; and to provide an effective date.

ND HB1311

Representation on legislative management; to provide an effective date; and to declare an emergency.

ND HB3383

Relating to the membership of education boards; and declaring an emergency.

ND SB2012

The autism voucher; to provide a statement of legislative intent; to provide for a legislative management study; to provide for a report; to provide an effective date; and to declare an emergency.

ND HB1486

Public employees retirement system retirement plan contribution rates upon reaching full funding; to provide an appropriation; to provide for a transfer; to provide for application; and to provide an effective date.

Similar Bills

No similar bills found.