Pension Reform and Transition Costs

North Dakota Interim Retirement Committee Policy Objectives | May 23, 2022 . . . Keeping Promises: Ensure the ability to pay 100% of the benefits earned and accrued by active workers and retirees Retirement Security: Provide retirement security for all current and future employees Predictability: Stabilize contribution rates for the long-term Risk Reduction: Reduce pension system exposure to financial risk and market volatility Affordability: Reduce long-term costs for employers/taxpayers and employees Attractive Benefits: Ensure the ability to recruit 21st Century employees Good Governance: Adopt best practices for board organization, investment management, and financial reporting

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