Retirement

Retirement

Employee-Benefits - Copy
Human Resources
Employee Benefits | Retirement

The City of Williston offers the following retirement plan options for its employees through North Dakota Public Employees Retirement System (NDPERS):

Defined Benefit Retirement Plan
Defined Contribution Retirement Plan
457 Deferred Compensation Plan

In the Defined Benefit Retirement Plan, an account is established on your behalf and contributions are made to the account by you and the City of Williston.  If you are vested, you are guaranteed a benefit at retirement, which is generally based on your compensation, the benefit multiplier, and your years of service credit.  The more years of service you have accumulated, the greater the benefit.  You will receive the benefit determined under the plan regardless of the performance of the plan's investment. 

Mandatory Participation Requirements:
If you work for a participating employer in the Defined Benefit Plan, and work a minimum of 20 hours per week for 20 or more weeks of the year (32 hours for public safety retirement plans), are at least eighteen (18) years of age, filling a permanent position that is regularly funded and not of limited duration, you must participate in the defined benefit plan unless you waived participation in writing when your employer joined NDPERS. 

If you meet the above requirements and are a non-classified permanent state employee, you must elect to participate in either the defined benefit plan or the defined contribution plan.  

You should be enrolled the first month of eligible employment, even when hired subject to a probationary period.  There is no maximum age limit applicable for enrollment purposes.   

Read more details in the NDPERS New Hire Kit

For more information contact concerning retirement benefits, contact NDPERS or a Human Resources staff member