Montana § 19-3-515 Purchase Of Federal Volunteer Service

Montana Statutes

§ 19-3-515 — Purchase Of Federal Volunteer Service

Montana § 19-3-515

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 3PUBLIC EMPLOYEES' RETIREMENT SYSTEM

Part 5Service Credit

This text of Montana § 19-3-515 (Purchase Of Federal Volunteer Service) 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. § 19-3-515 (2026).

Text

19-3-515 . Purchase of federal volunteer service.

(1)Subject to 19-3-514 , a member with at least 5 years of membership service may, at any time prior to retirement, file a written application with the board to purchase membership service and service credit for up to 5 years of the member's service as a volunteer in a United States service program, such as the peace corps, or successful completion of a term of service in a national service position as described in the National and Community Service Act of 1990, 42 U.S.C. 12501, et seq.

(2)Purchase of membership service and service credit under this section is subject to the board's verification of the member's volunteer service.

(3)To purchase this membership service and service credit, the member shall pay the actuarial cost of the ser

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19-3-515 . Purchase of federal volunteer service. (1) Subject to 19-3-514 , a member with at least 5 years of membership service may, at any time prior to retirement, file a written application with the board to purchase membership service and service credit for up to 5 years of the member's service as a volunteer in a United States service program, such as the peace corps, or successful completion of a term of service in a national service position as described in the National and Community Service Act of 1990, 42 U.S.C. 12501, et seq.
(2) Purchase of membership service and service credit under this section is subject to the board's verification of the member's volunteer service.
(3) To purchase this membership service and service credit, the member shall pay the actuarial cost of the service credit, based on the system's most recent actuarial valuation.