The North Dakota Retirement and Investment Office (RIO) was established by the State Legislature under NDCC § 54-52.5 to coordinate the activities of the State Investment Board (SIB) and the Teachers’ Fund for Retirement (TFFR).
State Investment Board
Under NDCC § 21-10, the SIB is RIO’s oversight board, providing investment management services for approximately 30 clients. These includes some of the state’s largest public funds—the Legacy Fund, Public Employees Retirement System, TFFR and Workforce Safety & Insurance.
Teachers' Fund for Retirement
The TFFR Board of Trustees, established under NDCC § 15-39, oversees the administration of the state’s pension program for North Dakota educators. Title 82 of North Dakota’s Administrative Code further defines program operations. TFFR serves more than 26,000 participants, including over 12,000 active members employed by public schools and state institutions.