Montana Statutes

§ 19-3-2141 — Long-Term Disability Plan -- Benefit Amount -- Eligibility -- Administration And Rulemaking

Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 3 PUBLIC EMPLOYEES' RETIREMENT SYSTEM·Part 21 Defined Contribution Plan

19-3-2141 . Long-term disability plan -- benefit amount -- eligibility -- administration and rulemaking.

(1)For members hired prior to July 1, 2011:
(a)except as provided in subsection (1)(b), a disabled member eligible under the provisions of this section is entitled to a disability benefit equal to one fifty-sixth of the member's highest average compensation, as defined in 19-3-108 , multiplied by the member's years of service credit, including any service credit purchased under 19-3-513 ;
(b)an eligible member with at least 25 years of membership service is entitled to a disability benefit equal to 2% of the member's highest average compensation, as defined in 19-3-108 , multiplied by the member's years of service credit, including any service credit purchased under 19-3-513 .
(2)Fo

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Legislative History

En. Sec. 1, Ch. 423, L. 2001; amd. Sec. 14(1), Ch. 423, L. 2001; amd. Sec. 53, Ch. 429, L. 2003; amd. Sec. 13, Ch. 369, L. 2011; amd. Sec. 16, Ch. 178, L. 2013; amd. Sec. 15, Ch. 248, L. 2015; amd. Sec. 15, Ch. 195, L. 2017; amd. Sec. 8, Ch. 172, L. 2021.

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