Montana § 19-9-1207 Employment And Benefits After Drop Period

Montana Statutes

§ 19-9-1207 — Employment And Benefits After Drop Period

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

19-9-1207 . Employment and benefits after DROP period.

(1)When a member, after the end of the DROP period, continues employment in a covered position, 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)A member who, after the end of the DROP period, continues employment in a covered position:

(a)is immediately vested for benefits accrued subsequent to the end of the DROP period; and

(b)is, upon terminating service, entitled to:

(i)the member's service retirement benefit earned prior to the DROP period, including any postretirement benefit adjustment for which the member is eligible under this chapter;

(ii)a service retirement benefit based on the member's service cr

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

19-9-1207 . Employment and benefits after DROP period. (1) When a member, after the end of the DROP period, continues employment in a covered position, 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) A member who, after the end of the DROP period, continues employment in a covered position:
(a) is immediately vested for benefits accrued subsequent to the end of the DROP period; and
(b) is, upon terminating service, entitled to:
(i) the member's service retirement benefit earned prior to the DROP period, including any postretirement benefit adjustment for which the member is eligible under this chapter;
(ii) a service retirement benefit based on the member's service credit and final average compensation during membership subsequent to the end of the DROP period, including any postretirement benefit adjustment for which the member is eligible under this chapter; and
(iii) the member's DROP benefit.

Montana § 19-9-1207 (Employment And Benefits After Drop Period) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.