Montana Statutes
§ 19-2-1003 — Transfer Of Dormant, Nonvested Member-Accumulated Contributions
Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 2 PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS·Part 10 Special Provisions
19-2-1003 . Transfer of dormant, nonvested member-accumulated contributions. The board may, in its discretion, transfer the accumulated contributions of a nonvested member of a defined benefit system or plan to the pension trust fund of the system or plan in which the member is participating if the member has not participated in the system or plan as an employee for a period of 10 years. Rights of the member may not be jeopardized by the transfer, and the accumulated contributions must be transferred to the member's name upon subsequent return to service or subsequent application for refund.
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Legislative History
En. 68-1907 by Sec. 28, Ch. 323, L. 1973; R.C.M. 1947, 68-1907; amd. Sec. 37, Ch. 265, L. 1993; Sec. 19-3-604 , MCA 1991; redes. 19-2-1003 by Sec. 238, Ch. 265, L. 1993; amd. Sec. 25, Ch. 471, L. 1999; amd. Sec. 8, Ch. 490, L. 2001.
Nearby Sections
15
§ 19-2-1001
Maximum Contribution And Benefit Limitations§ 19-2-1002
Termination Of Plan§ 19-2-1004
Exemption From Taxes And Legal Process§ 19-2-1005
Compensation Limit§ 19-2-1006
Use Of Forfeitures§ 19-2-1007
Required Distributions§ 19-2-1008
Budget Act Superseded§ 19-2-1009
Penalty For Fraud§ 19-2-101
Renumbered 19-50-101§ 19-2-1010
Retaining Qualified Plan Status -- Content Of Plan Document -- Board Rulemaking Authority§ 19-2-1012
Reserved