Montana § 19-9-1206 Survivorship Benefits

Montana Statutes

§ 19-9-1206 — Survivorship Benefits

Montana § 19-9-1206

Title 19PUBLIC RETIREMENT SYSTEMS

Ch. 9POLICE RETIREMENT -- STATEWIDE PLAN

Part 12Deferred Retirement Option Plan (DROP)

This text of Montana § 19-9-1206 (Survivorship Benefits) 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. § 19-9-1206 (2026).

Text

19-9-1206 . Survivorship benefits.

(1)If a participant dies prior to the receipt of the DROP benefit pursuant to 19-9-1208 , the participant's surviving spouse or dependent child is entitled to receive a lump-sum payment equal to the participant's DROP benefit as of the date of the member's death and the benefit the surviving spouse or dependent child would have received under 19-9-804 had the member retired rather than elected to participate in the DROP.

(2)If there is no surviving spouse or dependent child, the designated beneficiary is entitled to receive a lump-sum payment equal to the participant's DROP benefit as of the date of the member's death and the member's accumulated contributions minus any benefits paid from the member's account, including monthly DROP payments.

(3)The be

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

19-9-1206 . Survivorship benefits. (1) If a participant dies prior to the receipt of the DROP benefit pursuant to 19-9-1208 , the participant's surviving spouse or dependent child is entitled to receive a lump-sum payment equal to the participant's DROP benefit as of the date of the member's death and the benefit the surviving spouse or dependent child would have received under 19-9-804 had the member retired rather than elected to participate in the DROP.
(2) If there is no surviving spouse or dependent child, the designated beneficiary is entitled to receive a lump-sum payment equal to the participant's DROP benefit as of the date of the member's death and the member's accumulated contributions minus any benefits paid from the member's account, including monthly DROP payments.
(3) The benefit paid pursuant to this section must include interest credited to the participant's account as follows:
(a) through June 30, 2009, interest must be credited every fiscal yearend at a rate reflecting the retirement system's annual investment earnings for the applicable fiscal year;
(b) after June 30, 2009, interest must be credited every fiscal yearend at the actuarially assumed rate of return. Proportionate interest must be credited for distributions taking place at other than a fiscal yearend.

Legislative History

En. Sec. 6, Ch. 514, L. 2001; amd. Sec. 102, Ch. 429, L. 2003; amd. Sec. 25, Ch. 128, L. 2007; amd. Sec. 20, Ch. 284, L. 2009; amd. Sec. 27, Ch. 248, L. 2015.