Montana Statutes
§ 19-6-1003 — Deferred Retirement Option Plan Established -- Rulemaking
Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 6 HIGHWAY PATROL OFFICERS' RETIREMENT·Part 10 Deferred Retirement Option Plan (DROP)
19-6-1003 . Deferred retirement option plan established -- rulemaking.
(1)The board shall establish a DROP for eligible members of the retirement system who elect to participate.
(2)The board shall administer the DROP in compliance with the Internal Revenue Code and the applicable rules, regulations, and determinations of the internal revenue service.
(3)The board may adopt rules to administer this part.
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Legislative History
En. Sec. 3, Ch. 258, L. 2015.
Nearby Sections
15
§ 19-6-1001
Short Title§ 19-6-1002
Definitions§ 19-6-1006
Survivorship Benefit§ 19-6-1007
Employment And Benefits After Drop Period§ 19-6-1008
Distribution Of Drop Benefit§ 19-6-101
Definitions§ 19-6-103
Repealed§ 19-6-104
Repealed§ 19-6-105
Repealed§ 19-6-106
Short Title