Montana § 19-2-502 Payments From Pension Trust Funds

Montana Statutes

§ 19-2-502 — Payments From Pension Trust Funds

Montana § 19-2-502

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 2PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS

Part 5Management and Investment of Pension Trust Funds

This text of Montana § 19-2-502 (Payments From Pension Trust Funds) 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. § 19-2-502 (2026).

Text

19-2-502 . Payments from pension trust funds.

(1)The board shall administer the assets of the pension trust funds as provided in Article VIII, section 15, of the Montana constitution, subject to the specific provisions of chapters 2, 3, 5 through 9, and 13 of this title.

(2)Benefits and refunds to eligible recipients are payable pursuant to a contract as contained in statute. The contract is entered into on the first day of a member's covered employment and may be enhanced by the legislature. Unless specifically provided for by statute, the contract does not contain revisions to statutes after the time of retirement or termination of membership.

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

19-2-502 . Payments from pension trust funds. (1) The board shall administer the assets of the pension trust funds as provided in Article VIII, section 15, of the Montana constitution, subject to the specific provisions of chapters 2, 3, 5 through 9, and 13 of this title.
(2) Benefits and refunds to eligible recipients are payable pursuant to a contract as contained in statute. The contract is entered into on the first day of a member's covered employment and may be enhanced by the legislature. Unless specifically provided for by statute, the contract does not contain revisions to statutes after the time of retirement or termination of membership.