Montana Statutes
§ 19-2-708 — Rollover Of Contributions
Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 2 PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS·Part 7 Service Credit and Additional Contributions
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
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Legislative History
En. Sec. 10, Ch. 58, L. 1999; amd. Sec. 12, Ch. 99, L. 2001; amd. Sec. 10, Ch. 429, L. 2003.
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Budget Act Superseded§ 19-2-1009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