The Teachers’ Fund for Retirement (TFFR) provides retirement income to North Dakota public school educators. It is a qualified defined benefit plan under Section 401(a) of the IRC and is governed by NDCC § 15-39.1, supplemented by Title 82 of NDAC.
A seven-member Board of Trustees oversees the administration of TFFR, with daily operations carried out by the North Dakota Retirement and Investment Office. TFFR assets are invested by the State Investment Board (SIB) under the Prudent Investor Rule. Two TFFR Board members serve as voting members on the SIB.