Montana Statutes
§ 19-3-103 — Retirement System Created -- System To Consist Of Two Plans
Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 3 PUBLIC EMPLOYEES' RETIREMENT SYSTEM·Part 1 General Provisions
19-3-103 . Retirement system created -- system to consist of two plans.
(1)A defined benefit retirement plan is created and established to become effective July 1, 1945.
(2)A defined contribution plan is established as provided in part 21 of this chapter.
(3)The public employees' retirement system consists of the defined benefit plan and the defined contribution plan. Each plan within the system is governed by the applicable provisions of chapter 2 and this chapter.
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Legislative History
En. 68-1502 by Sec. 3, Ch. 323, L. 1973; R.C.M. 1947, 68-1502; amd. Sec. 43, Ch. 265, L. 1993; amd. Sec. 29, Ch. 471, L. 1999.
Nearby Sections
15
§ 19-3-1001
Repealed§ 19-3-1002
Eligibility For Disability Retirement§ 19-3-1003
Repealed§ 19-3-1004
Repealed§ 19-3-1005
Repealed§ 19-3-1006
Repealed§ 19-3-1007
Benefit For Duty-Related Disability§ 19-3-1008
Benefit For Disability§ 19-3-1009
Through 19-3-1014 Reserved§ 19-3-101
Short Title§ 19-3-102
Repealed§ 19-3-104
Renumbered 19-2-303