Montana § 19-9-112 Termination Of Participation In Retirement System Or Reduction Of Employer Contributions

Montana Statutes

§ 19-9-112 — Termination Of Participation In Retirement System Or Reduction Of Employer Contributions

Montana § 19-9-112

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 9POLICE RETIREMENT -- STATEWIDE PLAN

Part 1General Provisions

This text of Montana § 19-9-112 (Termination Of Participation In Retirement System Or Reduction Of Employer Contributions) 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. § 19-9-112 (2026).

Text

19-9-112 . Termination of participation in retirement system or reduction of employer contributions.

(1)If an employer voluntarily terminates its participation in or contributions to the retirement system or significantly reduces the number of full-paid members it employs to a degree that, in the board's opinion, inadequately funds the accrued or accruing benefits of retirement system members, the board shall request an actuarial valuation of the liabilities of the employer to the retirement system.

(2)Based on the actuarial valuation, the board may hold the employer liable for:

(a)the cost of the actuarial valuation to determine the employer's liabilities to the retirement system; and

(b)any excess accrued liabilities not previously funded by the employer.

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19-9-112 . Termination of participation in retirement system or reduction of employer contributions. (1) If an employer voluntarily terminates its participation in or contributions to the retirement system or significantly reduces the number of full-paid members it employs to a degree that, in the board's opinion, inadequately funds the accrued or accruing benefits of retirement system members, the board shall request an actuarial valuation of the liabilities of the employer to the retirement system.
(2) Based on the actuarial valuation, the board may hold the employer liable for:
(a) the cost of the actuarial valuation to determine the employer's liabilities to the retirement system; and
(b) any excess accrued liabilities not previously funded by the employer.