Montana § 19-2-708 Rollover Of Contributions

Montana Statutes

§ 19-2-708 — Rollover Of Contributions

Montana § 19-2-708

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 2PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS

Part 7Service Credit and Additional Contributions

This text of Montana § 19-2-708 (Rollover Of Contributions) 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. § 19-2-708 (2026).

Text

19-2-708 . Rollover of contributions.

(1)A member who elects to and is eligible to purchase service credit from another retirement system or plan into a retirement system provided for in 19-2-302 may, prior to retirement, file a written application with the board to roll over, in accordance with the requirements of this part, to the retirement system to which the member belongs all or a portion of the member's account with the other eligible retirement system or plan. The total amount of the rollover to the retirement system may not exceed the amount of service credit that the member is allowed to purchase as a member of that system. The rollover must be completed prior to the member's retirement.

(2)The board shall accept a direct rollover of eligible distributions from another eligible

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

19-2-708 . Rollover of contributions. (1) A member who elects to and is eligible to purchase service credit from another retirement system or plan into a retirement system provided for in 19-2-302 may, prior to retirement, file a written application with the board to roll over, in accordance with the requirements of this part, to the retirement system to which the member belongs all or a portion of the member's account with the other eligible retirement system or plan. The total amount of the rollover to the retirement system may not exceed the amount of service credit that the member is allowed to purchase as a member of that system. The rollover must be completed prior to the member's retirement.
(2) The board shall accept a direct rollover of eligible distributions from another eligible retirement plan as provided in subsection (1) only to the extent permitted by section 401(a)(31) of the Internal Revenue Code.