110 chapters · 1,217 sections in this title.
1 CMC § 8484 Termination of Membership and Withdrawal of Contributions
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Termination of Membership and Withdrawal of Contributions. (a) Those qualified to separate by 1 CMC § 8483 who elect to terminate membership in the defined benefit program, and if married, their spouse, must sign a form to be promulgated by the Retirement Fund Administrator or it…
1 CMC § 8485 Contributions to the Defined Benefit Plan
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Contributions to the Defined Benefit Plan. (a) The obligation of the CNMI agencies and instrumentalities to withhold and remit the employee’s portion to the employee’s defined benefit account shall cease upon the Class I or Class II member’s submission to the Retirement Fund Admi…
1 CMC § 8486 Defined Contribution Plan
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Defined Contribution Plan. The Defined Contribution Plan outlined in Title 1 Division 8 Part 3 Chapter Ten of the Commonwealth Code shall become voluntary. Source: PL 17-82 § 3(204) (September 11, 2012). Commission Comment: The Commission corrected “Part III” to “Part 3” pursuant…
1 CMC § 8487 Defined Contribution Plan, Contributions
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Defined Contribution Plan, Contributions. The Commonwealth government's obligation to remit the employer's contribution to the Defined Contribution Plan shall continue to be paid at 4 percent unless the employee ceases to make his/her employee contributions. However, the governme…