Montana § 19-9-1205 Retirement System Contributions -- Benefit Payments To Individual Drop Accounts -- Investment Returns

Montana Statutes

§ 19-9-1205 — Retirement System Contributions -- Benefit Payments To Individual Drop Accounts -- Investment Returns

Montana·Title 19 PUBLIC RETIREMENT SYSTEMS·Ch. 9 POLICE RETIREMENT -- STATEWIDE PLAN·Part 12 Deferred Retirement Option Plan (DROP)

19-9-1205 . Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns.

(1)During a member's participation in the DROP, state contributions under 19-9-702 , employer contributions under 19-9-703 , and member contributions under 19-9-710 must continue to be made to the retirement system.

(2)For each DROP participant, the board shall calculate a monthly DROP accrual and the contribution to the participant's DROP account.

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19-9-1205 . Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns. (1) During a member's participation in the DROP, state contributions under 19-9-702 , employer contributions under 19-9-703 , and member contributions under 19-9-710 must continue to be made to the retirement system.
(2) For each DROP participant, the board shall calculate a monthly DROP accrual and the contribution to the participant's DROP account.

Montana § 19-9-1205 (Retirement System Contributions -- Benefit Payments To Individual Drop Accounts -- Investment Returns) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.