Montana § 19-3-2116 Vesting -- Mandatory Termination Of Membership -- Forfeitures

Montana Statutes

§ 19-3-2116 — Vesting -- Mandatory Termination Of Membership -- Forfeitures

Montana § 19-3-2116

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 3PUBLIC EMPLOYEES' RETIREMENT SYSTEM

Part 21Defined Contribution Plan

This text of Montana § 19-3-2116 (Vesting -- Mandatory Termination Of Membership -- Forfeitures) 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. § 19-3-2116 (2026).

Text

19-3-2116 . Vesting -- mandatory termination of membership -- forfeitures.

(1)A member's contribution account includes the member's contributions and the income on those contributions and is vested from the date that the employee becomes a member of the plan.

(2)A member's employer contribution account includes the employer's contributions and the income on those contributions and is vested only when the member has a total of 5 years of membership service under the system.

(3)A member's account for other contributions includes the member's rollovers of contributions made pursuant to 19-3-2115 and income on those contributions and is vested from the date that the contribution is credited to the account.

(4)A member who terminates service after becoming a vested member may terminate plan

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19-3-2116 . Vesting -- mandatory termination of membership -- forfeitures. (1) A member's contribution account includes the member's contributions and the income on those contributions and is vested from the date that the employee becomes a member of the plan.
(2) A member's employer contribution account includes the employer's contributions and the income on those contributions and is vested only when the member has a total of 5 years of membership service under the system.
(3) A member's account for other contributions includes the member's rollovers of contributions made pursuant to 19-3-2115 and income on those contributions and is vested from the date that the contribution is credited to the account.
(4) A member who terminates service after becoming a vested member may terminate plan membership as provided in 19-3-2123 .
(5) A member who terminates service before becoming a vested member shall terminate plan membership as provided in 19-3-2123 and subject to 19-3-2126 .
(6) If the member's employer contribution account is not vested upon termination of plan membership, as provided in 19-3-2123 , the employer contributions and income are forfeited and must be allocated as provided in 19-3-2117 .