Montana § 19-19-501 Service Retirement Allowance

Montana Statutes

§ 19-19-501 — Service Retirement Allowance

Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 19 POLICE RETIREMENT -- LOCAL FUNDS·Part 5 Benefits

19-19-501 . Service retirement allowance. When a police officer is transferred from the active list to the retired list of a city, the officer must receive monthly payments from the city's police retirement fund, as follows:

(1)A police officer who is eligible under 19-19-401 (1) or (2) and does not elect to serve any additional years as an active police officer must receive a sum equal to one-half the base salary, excluding overtime and payments in lieu of sick leave and annual leave, that the officer was receiving as an active officer computed on the highest salary received in any 1 month during the last year of active service.

(2)A police officer who is eligible after 20 years of service and who elects to serve additional years must receive the payment provided for in subsection (1) p

Free access — add to your briefcase to read the full text and ask questions with AI

19-19-501 . Service retirement allowance. When a police officer is transferred from the active list to the retired list of a city, the officer must receive monthly payments from the city's police retirement fund, as follows:
(1) A police officer who is eligible under 19-19-401 (1) or (2) and does not elect to serve any additional years as an active police officer must receive a sum equal to one-half the base salary, excluding overtime and payments in lieu of sick leave and annual leave, that the officer was receiving as an active officer computed on the highest salary received in any 1 month during the last year of active service.
(2) A police officer who is eligible after 20 years of service and who elects to serve additional years must receive the payment provided for in subsection (1) plus an additional 1% of the payment for each year of additional service, up to a maximum of 60% of the base salary, excluding overtime and payments in lieu of sick leave and annual leave, that the officer was receiving as an active officer computed on the highest salary received in any 1 month during the last year of active service.

Montana § 19-19-501 (Service Retirement Allowance) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. 11-1844 by Sec. 14, Ch. 335, L. 1974; amd. Sec. 12, Ch. 224, L. 1977; amd. Sec. 40, Ch. 456, L. 1977; amd. Sec. 3, Ch. 489, L. 1977; R.C.M. 1947, 11-1844(part); amd. Sec. 25, Ch. 114, L. 1979; amd. Sec. 10, Ch. 86, L. 1985; Sec. 19-10-501 , MCA 1991; redes. 19-19-501 by Code Commissioner, 1993; amd. Sec. 253, Ch. 56, L. 2009.