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The North Dakota Teachers’ Fund for Retirement pension program has earned the 2023 Public Pension Standards Awards for Plan Funding and for Plan Administration from the Public Pension Coordinating Council.
“This is the seventh year that the Teachers’ Fund for Retirement program has received both Public Pension Coordinating Council awards,” said Chad Roberts, deputy executive director and chief retirement officer of the state Retirement and Investment Office.
To receive the funding award, a program must certify that it meets the requirements for funding adequacy, either a 100% funded ratio or an actual contribution rate at a level equal to or greater than the actuarially determined contribution.
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