Montana § 19-7-804 Application To Purchase Additional Service

Montana Statutes

§ 19-7-804 — Application To Purchase Additional Service

Montana § 19-7-804

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 7SHERIFFS' RETIREMENT

Part 8Service Credit

This text of Montana § 19-7-804 (Application To Purchase Additional 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. § 19-7-804 (2026).

Text

19-7-804 . Application to purchase additional service.

(1)Subject to 19-7-805 , a member with at least 5 years of membership service may, at any time before retirement, file a written application with the board to purchase 1 additional year of service credit for each 5 years of membership service.

(2)To purchase service credit under this section, a member shall pay the actuarial cost of the service credit in the sheriffs' retirement system, as determined by the board, based on the system's most recent actuarial valuation.

(3)Service credit purchased under this section must be credited for the purpose of meeting retirement eligibility and for calculating retirement benefits.

Free access — add to your briefcase to read the full text and ask questions with AI

19-7-804 . Application to purchase additional service. (1) Subject to 19-7-805 , a member with at least 5 years of membership service may, at any time before retirement, file a written application with the board to purchase 1 additional year of service credit for each 5 years of membership service.
(2) To purchase service credit under this section, a member shall pay the actuarial cost of the service credit in the sheriffs' retirement system, as determined by the board, based on the system's most recent actuarial valuation.
(3) Service credit purchased under this section must be credited for the purpose of meeting retirement eligibility and for calculating retirement benefits.

Legislative History

En. Sec. 1, Ch. 214, L. 1991; amd. Sec. 143, Ch. 265, L. 1993; Sec. 19-7-311 , MCA 1991; redes. 19-7-804 by Code Commissioner, 1993; amd. Sec. 33, Ch. 58, L. 1999; amd. Sec. 61, Ch. 562, L. 1999; amd. Sec. 79, Ch. 99, L. 2001; amd. Sec. 4, Ch. 26, L. 2003; amd. Sec. 4, Ch. 289, L. 2003; amd. Secs. 77, 122(4), Ch. 429, L. 2003.