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Welcome to the North Dakota Retirement and Investment Office (RIO). RIO administers two state programs - the Teachers' Fund for Retirement (TFFR) program and the State Investment Board (SIB) program. Use this website for information about these two important programs.  See below for agency news and events.

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Upcoming EventsView All Events

Virtual Individual Retirement Sessions

Wednesday, October 13, 2021 at 10:00 am - Wednesday, November 17, 2021 at 07:00 pm

Categories: TFFR Outreach Programs

Teacher's Fund For Retirement (TFFR) is happy to offer Virtual Individual Retirement Sessions.

Individual Retirement Sessions are designed for those planning to retire with TFFR within the next two years. The session will cover your individual benefit estimate and TFFR account information. The session will focus on the process for completing your TFFR retirement application and the expected timeline for retirement.

All sessions will be conducted virtually through a Microsoft Teams meeting. Attendees will receive a link to join the meeting through email approximately 2-3 days before the scheduled session.

Please click the Book Appointment link for days and times that are available. 

Book an appointment with ND Teachers' Fund For Retirement


October 2021 SIB Board Meeting (Virtual)

Friday, October 22, 2021 at 08:30 am

Categories: SIB Meetings

October 2021 SIB Executive Search Committee

Friday, October 22, 2021 at 10:30 am

Categories: SIB Meetings

Devils Lake Group Benefits Counseling

Wednesday, October 27, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


New Town Group Benefits Counseling

Thursday, October 28, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


November 2021 SIB Executive Review Committee Meeting (Cancelled)

Tuesday, November 2, 2021 at 03:00 pm

Categories: SIB Meetings, SIB Executive Review Meetings

Central Cass Group Benefits Counseling

Tuesday, November 2, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


November 2021 SIB Securities Litigation Committee Meeting

Thursday, November 4, 2021 at 02:00 pm

Categories: SIB Securities Litigation Meetings

Grafton Group Benefits Counseling

Thursday, November 4, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


Valley City Group Benefits Counseling

Tuesday, November 9, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


November 2021 SIB Audit Committee Meeting

Tuesday, November 16, 2021 at 02:30 pm

Categories: SIB Audit Meetings

Belcourt Group Benefits Counseling

Tuesday, November 16, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


November 2021 TFFR Board Meeting

Thursday, November 18, 2021 at 01:00 pm

Categories: TFFR Board Meetings

November 2021 SIB Board Meeting (Virtual)

Friday, November 19, 2021 at 08:30 am

Categories: SIB Meetings

Watford City Group Benefits Counseling

Thursday, December 2, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


Statewide Group Benefits Counseling

Wednesday, December 8, 2021 at 04:00 pm - 05:30 pm

Categories: TFFR Outreach Programs

Teachers’ Fund For Retirement (TFFR) members considering retirement in the next 1-2 years are invited to participate in a 60-minute virtual group retirement education session with a TFFR specialist. We are offering several sessions for specific school districts and two statewide sessions. These sessions will be conducted virtually via Microsoft Teams.


January 2022 TFFR Board Meeting

Thursday, January 27, 2022 at 01:00 pm

Categories: TFFR Board Meetings

January 2022 SIB Board Meeting (Virtual)

Friday, January 28, 2022 at 08:30 am

Categories: SIB Meetings

February 2022 SIB Audit Committee Meeting

Wednesday, February 16, 2022 at 02:30 pm

Categories: SIB Audit Meetings

February 2022 SIB Board Meeting (Virtual)

Friday, February 25, 2022 at 08:30 am

Categories: SIB Meetings

March 2022 TFFR Board Meeting

Thursday, March 24, 2022 at 01:00 pm

Categories: TFFR Board Meetings

March 2022 SIB Board Meeting (Tentative-Virtual)

Friday, March 25, 2022 at 08:30 am

Categories: SIB Meetings

April 2022 TFFR Board Meeting

Thursday, April 21, 2022 at 01:00 pm

Categories: TFFR Board Meetings

April 2022 SIB Board Meeting (Virtual)

Friday, April 22, 2022 at 08:30 am

Categories: SIB Meetings

May 2022 SIB Audit Committee Meeting

Wednesday, May 11, 2022 at 02:30 pm

Categories: SIB Audit Meetings

May 2022 SIB Board Meeting (Virtual)

Friday, May 20, 2022 at 08:30 am

Categories: SIB Meetings

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Recent NewsView All News

October 2021 TFFR Employer Newsletter

Categories: TFFR Employer News

The October 2021 Briefly is now available. Please review the information regarding Member Reporting Requirements, Workshops for Business Managers, In-Staff Subbing by RE-Employed Retirees Policy Suspension and Links for TFFR Forms.


RIO is seeking a Chief Investment Officer (CIO)

Categories: SIB News

We are seeking a Chief Investment Officer (CIO) with a high level of ethics and commitment to transparency. ND RIO, is an agency of the State of North Dakota and was assembled to capture administrative and investment savings in the management of two state programs: the retirement program of the Teachers’ Fund for Retirement (TFFR) and the investment program of the State of Investment Board (SIB).

SIB is the oversight board for NDRIO, the TFFR Board is responsible for the administration of the TFFR benefits program.  ND RIO has traditionally been led by a CIO/Executive Director.  As the investment program has grown dramatically, the SIB made the decision to bifurcate the Chief Investment Officer role from the Executive Director responsibilities.  

The CIO will report to the Executive Director and is responsible for administering the investment program of SIB.

Responsibilities and Preferred Qualifications please view the Position Specifications.

ND RIO has retained EFL Associates for this important search. To apply please send your resume to Lauren McElderry, of EFL Associates, at lmcelderry@eflassociates.com.


State Investment Board Press Release

Categories: SIB News

Fargo, N.D. - 50 South Capital Advisors, LLC, the general partner of the newly-formed North Dakota Growth Fund (NDGF or the Fund), recently launched its interactive website for the Fund. The Fund was created, with the support of the State Investment Board, to further advance innovation and private markets investments in the state by seeking investments that provide strong risk-adjusted returns and support the growing entrepreneurial ecosystem in the state.

Read the full Press Release 


Retirement and Investment Office Press Release

Categories: SIB News

The North Dakota Retirement & Investment Office (RIO) has issued a Request for Proposal (RFP) for Executive recruitment services to identify and evaluate qualified candidates to fill the position of Chief Investment Officer – Executive Director. The solicitation period closes Friday, July 16, 2021 at 10:00 AM CT.

Read the full Press Release 


TFFR Board Press Release

Categories: TFFR Member News, TFFR Employer News

BISMARCK, ND – The Teachers' Fund for Retirement (TFFR) Board of Trustees met yesterday to review and discuss TFFR Fund policy initiatives, and recognize Mr. Hunter, Executive Director and Chief Investment Officer for the North Dakota Retirement and Investment office (RIO). Mr. Hunter has served in his position since 2013 and recently announced his resignation from RIO. TFFR is a client Fund of the State Investment Board (SIB), and the TFFR Program is also administered by the RIO agency.

Read the full Press Release 


State Investment Board Press Release

Categories: SIB News

BISMARCK, ND – The North Dakota State Investment Board (SIB) convened today to accept the resignation of Executive Director and Chief Investment Officer David Hunter effective June 22, 2021. The SIB thanked Mr. Hunter for his years of dedication and service to the State and investment program. Vice Chair Dr. Rob Lech applauded Mr. Hunter for his commitment to due diligence and a growth oriented leadership.

Read the full Press Release 


State Investment Board Press Release

Categories: SIB News

BISMARCK, NORTH DAKOTA, JUNE 14, 2021 – The State Investment Board (SIB) of North Dakota recently formed the North Dakota Growth Fund {1889 Growth Fund L.P.}. The Fund was created to further advance innovation and private markets investments in North Dakota by seeking investments that provide strong risk-adjusted returns and support the growing entrepreneurial ecosystem in the state.

Read the full Press Release 


May 2021 TFFR Employer Newsletter

Categories: TFFR Employer News

The May 2021 Briefly is now available. Please review the information regarding Year-end Employer Payment and Reports, Fiscal Year-End Reminders, PAS Project, Employer Contribution Rates for 2021-22 and TFFR Retirement Education Workshop in July.


RIO Press Release - Executive Director/Chief Investment Officer Resignation

Categories: TFFR Member News, TFFR Employer News, SIB News

The North Dakota Retirement and Investment Office (RIO) announced today that Executive Director and Chief Investment Officer David Hunter is resigning his position effective June 22, 2021.

Official Press Release


March 2021 SIB Investment Newsletter

Categories: SIB News

The March 2021 Vested Interest is now available.  Please review the information regarding SIB Client Investment Information and Board Updates.


Full Notice Of Intent to Amend Administrative Rules

Categories: TFFR Member News, TFFR Employer News

TAKE NOTICE that the North Dakota Retirement and Investment Office on behalf of the Teachers’ Fund For Retirement Board will hold a public hearing to address proposed amendments to N.D. Admin. Code 82-05-01-02, 82-05-04-02, and 82-05-04-04 at 10:00 a.m. on Friday, March 12, 2021 at 3442 East Century Avenue, Bismarck, ND, 58507. The purpose of the proposed amendments is to implement state statutes and federal law relating to the Teachers’ Fund For Retirement program requirements. The proposed amendments address the following: 
In N.D.A.C. 82-05-01-02, the amendment expands the list of documents accepted by the program as proof of age to include REAL ID; 
In N.D.A.C. 82-05-04-02, the amendment updates the actuarial factors, such as the interest rate, and member and beneficiary mortality tables used by the program to calculate optional payment forms; In N.D.A.C. 82-05-04-04, the amendment updates the actuarial factors, such as the interest rate and salary increase rate used by the program to calculate purchase of service. 
The proposed amendments are not expected to have an impact on the regulated community in excess of $50,000. 
The proposed rules may be reviewed at the office of the North Dakota Retirement and Investment Office at 3442 East Century Avenue, P.O. Box 7100, Bismarck, ND, 58507-7100. A copy of the proposed rules and/or a regulatory analysis may be requested by writing the above address, e-mailing rio@nd.gov, or calling 701-328-9885. Written or oral comments on the proposed rules sent to the above address or telephone number and received by Wednesday, March 24, 2021, will be fully considered. 
If you plan to attend the public hearing and will need special facilities or assistance relating to a disability, or would like to attend the hearing virtually, please contact the North Dakota Retirement and Investment Office at the above telephone number or address at least one day prior to the public hearing.   

Click here to view the Full Notice 

Click here to view Proposed Rules


January 2021 TFFR Employer Newsletter

Categories: TFFR Employer News

The January 2021 Briefly is now available. Please review the information regarding Employer Payment and Reports, In-Staff Subbing by Reemployed Retires Policy Suspension, GASB 68 information and Submitting TFFR Forms By Secure Link.


October 2020 SIB Investment Newsletter

Categories: SIB News

The October 2020 Vested Interest is now available.  Please review the information regarding SIB Client Investment Information.


October 2020 TFFR Retired Newsletter

Categories: TFFR Member News

The October 2020 RETIREMENTtoday is now available.  Please review the information regarding your Annual Retirement Benefit Notice, who's new to TFFR and the new TFFR Website.


October 2020 TFFR Active Newsletter

Categories: TFFR Member News

The October 2020 REPORTcard is now available. Please review the information regarding your Annual Benefit Statement, who's new to TFFR, COVID-19 update regarding TFFR services and the new TFFR Website.


TFFR Employer Reporting FAQs Regarding COVID-19 Funding

Categories: TFFR Employer News

As school districts continue to face challenges during the current pandemic, many of you have questions related to TFFR reporting and the COVID-19 funding that was made available to schools. Click here for a list of questions received by the Retirement and Investment Office related to these issues, and our response. 


SIB Press Release - Legacy Fund Investment

Categories: SIB News

State Investment Board raises Legacy Fund “In-State Investing Commitment” to a record high of $400 million with a new $100 million funding commitment

Bank of North Dakota to expand in-state loan program from $300 million to $400 million


August 2020 TFFR Employer Newsletter

Categories: TFFR Employer News

The August 2020 Briefly is now available. Please review the information regarding new member reporting requirements, TFFR forms and Salary Verification Reporting.


May 2020 SIB Investment Newsletter

Categories: SIB News

The May 2020 Vested Interest is now available.  Please review the information regarding TFFR and PERS Net Investment Returns.


April 2020 TFFR Employer Newsletter

Categories: TFFR Employer News

The April 2020 Briefly is now available. Please review the information regarding COVID-19, Fiscal Year-End Reminder Checklist and Reporting Hourly Wages for June-July.


Important Office Information Regarding COVID-19

Categories: TFFR Member News, TFFR Employer News, SIB News

ATTENTION: Visiting Our Office

Due to public health concerns related to the coronavirus outbreak (COVID-19) and Governor Burgum’s executive order, the ND Retirement and Investment Office (RIO) is closed to public visitors until further notice.


Teachers’ Fund for Retirement (TFFR) and State Investment Board (SIB) client services remain fully functional, but will primarily be delivered by electronic means. Our staff is transitioning to working remotely to avoid disruptions for TFFR members and SIB clients. We will continue to administer critical retirement and investment program operations, claims processing, and retiree payroll functions.


Please contact us by phone (1.800.952.2970 or 701.328.9885) or email us at rio@nd.gov. Thank you for your patience and support. Stay safe!

Top 5 Things to know about TFFR regarding COVID-19

TFFR Employer Reporting FAQs regarding COVID-19


February 2020 TFFR Retired Newsletter

Categories: TFFR Member News

The February 2020 RETIREMENTtoday is now available.  Please review the information regarding 2020 Tax Withholding, Membership Statistics, the 2019 Annual Report Summary and Board updates.


February 2020 TFFR Active Newsletter

Categories: TFFR Member News

The February 2020 REPORTcard is now available. Please review the information regarding Retirement Education Workshops, Membership Statistics, Board updates and the 2019 Annual Report Summary.


January 2020 TFFR Employer Newsletter

Categories: TFFR Employer News

The January 2020 Briefly is now available. Please review the information regarding GASB 68 information, Retiree Reemployment Guidance and TFFR Staffing Updates.


October 2019 TFFR Employer Newsletter

Categories: TFFR Employer News

The October 2019 Briefly is now available.  Please review the information regarding TFFR Forms, Employer Reporting Reviews and Employer Audit Information.


October 2019 SIB Investment Newsletter

Categories: SIB News

The October 2019 Vested Interest is now available.  Please review the information regarding TFFR and PERS Investment Returns in Fiscal 2019 & a State Investment Board Member Update.


SIB Press Release - Legacy Fund Investment

Categories: SIB News

State Investment Board puts Legacy Fund investments to work for North Dakotans, makes changes to further improve performance

Board increases loan fund for new businesses by $100M, adopts best practice for defining Legacy Fund earnings


August 2019 TFFR Retired Newsletter

Categories: TFFR Member News

The August 2019 RETIREMENTtoday is now available.  Please review the information regarding TFFR Member Online.


August 2019 TFFR Employer Newsletter

Categories: TFFR Employer News

The August 2019 Briefly is now available.  Please review the information regarding Member Reporting Requirements, Employer Reporting Reviews and Employer Audit Information.

 


August 2019 TFFR Active Newsletter

Categories: TFFR Member News

The August 2019 REPORTcard is now available.  Please review the information regarding Annual Benefit Statements & the Group Benefit Counseling schedule.


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