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.

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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.

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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.

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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.

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

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

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

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.

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

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.