AN ACT to provide an appropriation to the judicial branch for employer retirement contribution funding; to provide for retroactive application; and to provide an effective date.
Impact
The retroactive application of this appropriation to July 1, 2023, indicates a significant financial planning strategy aimed at maintaining the fiscal health of the judicial branch. This funding ensures that employees will not retroactively face any reductions due to potential budget constraints. It plays an essential role in stabilizing the judicial workforce, as maintaining adequate retirement contributions can influence retention and recruitment within the judicial sector in North Dakota.
Summary
House Bill 1542 appropriates funds for the employer retirement contributions for the judicial branch in North Dakota. Specifically, it addresses the increase in employer retirement contributions as outlined in House Bill 1040, ensuring that the necessary funds are allocated for the 2023-2025 biennium. The total general fund appropriation amounts to $343,245, with some funds being derived from estimated income. This financial support underscores the state's commitment to the judicial system and its personnel.
Sentiment
The sentiment around HB 1542 is predominantly positive, as it reflects a legislative commitment to support the judicial branch and its employees. The unanimous vote in favor in both the House and Senate underscores a bipartisan agreement on the importance of providing adequate funding for essential services. This bill is seen as a necessary step to uphold the financial obligations towards judicial workers and ensure they are welfare protected.
Contention
There is minimal contention surrounding HB 1542, as evidenced by the overwhelming support it received during voting. However, discussions may arise in future sessions regarding the state's budget priorities and whether enough funding is allocated to other sectors while emphasizing the importance of maintaining robust support for the judicial system. The clear passage suggests that legislative priorities currently align with providing financial stability for judicial employees.
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.
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.
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.
Public employees retirement system main system plan employer and employee contribution rates and participation in the public employees retirement system defined contribution plan; to provide an appropriation; to provide for application; and to provide an effective date.
Public employees retirement system retirement plan contribution rates upon reaching full funding and balance transfer when opting to participate in the defined contribution plan; to provide for a legislative management study; to provide for a transfer; to provide for application; and to provide an effective date.
Legislative compensation; to provide a report; to provide an exemption; to provide for application, transfer, and cancellation of unexpended appropriations; and to declare an emergency.
The flexible transportation fund, motor vehicle excise tax allocations, an appropriation for township roadway funding, and the appropriation of bond proceeds for transportation projects; to provide an exemption; to provide a report; to provide for a legislative management study; to provide an effective date; and to declare an emergency.