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The document is a Grandchild Eligibility Verification form for the North Dakota Public Employees Retirement System (NDPERS). It requires members to provide personal information about themselves and their grandchild, along with verification criteria to confirm the grandchild's eligibility for coverage under the plan. The form includes sections for member information, verification criteria, and a certification statement regarding the accuracy of the provided information.

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What is the retirement age for NDPERS?

✓ meets the Rule of 85 ✓ attained age 65 while actively employed with a NDPERS participating agency. Highway Patrol EARLY RETIREMENT ✓ age 50 or older and have 10 years of eligible service; or NORMAL RETIREMENT (Max. age 60) ✓ meet the Rule of 80 ✓ attained age 55 and have 10 years of eligible service.

How does the drop retirement program work?

Deferred retirement option plans (DROPs) are of benefit to both employees and employers. In exchange for continuing to work past your eligible retirement age, an employer will set aside annual lump sum payments into an interest-bearing account.

How does MainePERS work?

As a member of the Maine Public Employees Retirement System, you contribute, along with the State of Maine, to both retirement and life insurance benefits. These benefits include: Service Retirement Benefit - Most state employees currently contribute 7.65% of their total earnable compensation into the MainePERS.

How does NDPERS retirement work?

Every month you contribute to your NDPERS retirement plan, you earn service credit. Your NDPERS retirement benefit is a lifetime, monthly benefit upon retirement. For information specific to your plan or a personal benefit estimate, please contact NDPERS directly.

How do ndpers work?

For every dollar you invest in a Deferred Compensation Plan, NDPERS will reallocate one dollar from the employer contribution to your member account balance, subject to a vesting schedule. If enrolled in an eligible deferred compensation plan, PEP is automatic.