Montana § 19-20-1212 Recovery Methods

Montana Statutes

§ 19-20-1212 — Recovery Methods

Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 20 TEACHERS' RETIREMENT·Part 12 Unpaid Contributions and Overpayments

19-20-1212 . Recovery methods.

(1)The retirement system may use any or all of the following methods to recover amounts owed from a member or benefit recipient:

(a)accept a lump-sum payment;

(b)accept installment payments;

(c)accept a rollover payment from a member;

(d)actuarially adjust monthly benefit payments;

(e)withhold up to 50% of each monthly benefit payment;

(f)withhold up to 100% of a lump-sum distribution; or

(g)withhold up to 100% of the lump-sum death benefit payable under 19-20-1001 (1)(b) or 19-20-1002 (1)(a).

(2)For payment of amounts owed by an employer, the retirement system may use any or all of the following methods:

(a)adjust the amount of subsequent contributions due from the employer;

(b)accept installment payments; or

(c)accept a lump-sum payment.

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19-20-1212 . Recovery methods. (1) The retirement system may use any or all of the following methods to recover amounts owed from a member or benefit recipient:
(a) accept a lump-sum payment;
(b) accept installment payments;
(c) accept a rollover payment from a member;
(d) actuarially adjust monthly benefit payments;
(e) withhold up to 50% of each monthly benefit payment;
(f) withhold up to 100% of a lump-sum distribution; or
(g) withhold up to 100% of the lump-sum death benefit payable under 19-20-1001 (1)(b) or 19-20-1002 (1)(a).
(2) For payment of amounts owed by an employer, the retirement system may use any or all of the following methods:
(a) adjust the amount of subsequent contributions due from the employer;
(b) accept installment payments; or
(c) accept a lump-sum payment.

Montana § 19-20-1212 (Recovery Methods) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.