Montana § 19-8-904 Application To Purchase Additional Service

Montana Statutes

§ 19-8-904 — Application To Purchase Additional Service

Montana § 19-8-904

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 8GAME WARDENS' AND PEACE OFFICERS' RETIREMENT

Part 9Service Credit

This text of Montana § 19-8-904 (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. § 19-8-904 (2026).

Text

19-8-904 . Application to purchase additional service.

(1)Subject to 19-8-906 , 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 year of additional service credit for each 5 years of membership service that the member has qualified in the retirement system.

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

(3)Service credit purchased under this section is not membership service and may not be used to qualify a member for retirement or in the calculation of an actuarial reduction in benefits for a member who is not eligible for service retirement.

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

19-8-904 . Application to purchase additional service. (1) Subject to 19-8-906 , 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 year of additional service credit for each 5 years of membership service that the member has qualified in the retirement system.
(2) To purchase service credit under this section, a member shall pay the actuarial cost of the service credit, based on the system's most recent actuarial valuation as determined by the board.
(3) Service credit purchased under this section is not membership service and may not be used to qualify a member for retirement or in the calculation of an actuarial reduction in benefits for a member who is not eligible for service retirement.