Pension Reform and Transition Costs

North Dakota Interim Retirement Committee Percentage of Members Retained || Probability of Members Remaining in NDPERS 100% 90% 80% Probability of Participants Remaining 3-Years/28 Age (initial vesting): 53.7% 30-Years/55 Age (reduced benefits): 17.2% 70% 35-Years/60 Age - Rule of 90 (unreduced benefits): 15.2% 60% 50% 40% 30% 20% 10% 0% 02 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 44 46 48 50 Years of Service Source: Pension Integrity Project analysis of NDPERS reports and CAFRs. Illustration is based on Main Plan assumptions and a hypothetical analysis of an average member hired at the age of 25 May 23, 2022

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