Montana § 19-2-1006 Use Of Forfeitures

Montana Statutes

§ 19-2-1006 — Use Of Forfeitures

Montana § 19-2-1006

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 2PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS

Part 10Special Provisions

This text of Montana § 19-2-1006 (Use Of Forfeitures) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 19-2-1006 (2026).

Text

19-2-1006 . Use of forfeitures. A retirement system or plan subject to this chapter may not apply forfeitures of benefits resulting from the member's termination of employment, the death of the member, or any other reason to increase the benefits of any member in a manner not permitted in Internal Revenue Code section 401(a)(8). However, forfeitures may be used to reduce the cost of administering a retirement system or plan subject to this chapter.

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19-2-1006 . Use of forfeitures. A retirement system or plan subject to this chapter may not apply forfeitures of benefits resulting from the member's termination of employment, the death of the member, or any other reason to increase the benefits of any member in a manner not permitted in Internal Revenue Code section 401(a)(8). However, forfeitures may be used to reduce the cost of administering a retirement system or plan subject to this chapter.