19-2-909. Execution or withholding for support obligation — rulemaking
19-2-909. Execution or withholding for support obligation — rulemaking. (1) Benefits in the retirement systems or plans provided for in chapters 3, 5 through 9, 13, and 17 are subject to execution and income withholding for the payment of a participant’s support obligation. (2) For purposes of this section, the following definitions apply: (a) ”Execution” means a warrant […]
19-2-1001. Maximum contribution and benefit limitations
19-2-1001. Maximum contribution and benefit limitations. (1) (a) Employee contributions paid to and retirement benefits paid from a retirement system or plan may not exceed the annual limits on contributions and benefits, respectively, allowed by section 415 of the Internal Revenue Code, 26 U.S.C. 415. (b) For purposes of determining whether the annual limitations in subsection (1)(a) are […]
19-2-1002. Termination of plan
19-2-1002. Termination of plan. (1) Upon termination of a retirement system or plan, termination of employment of a substantial number of members that would constitute a partial termination of the retirement system or plan, or complete discontinuance of contributions to that retirement system or plan, the retirement benefit accrued to each member directly affected by the […]
19-2-1003. Transfer of dormant, nonvested member-accumulated contributions
19-2-1003. Transfer of dormant, nonvested member-accumulated contributions. The board may, in its discretion, transfer the accumulated contributions of a nonvested member of a defined benefit system or plan to the pension trust fund of the system or plan in which the member is participating if the member has not participated in the system or plan as […]
19-2-1004. Exemption from taxes and legal process
19-2-1004. (Temporary) Exemption from taxes and legal process. (1) Except as provided in 19-2-907, 19-2-909, and subsection (2) of this section, the right of a person to any benefit or payment from a retirement system or plan and the money in the system or plan’s pension trust fund is not: (a) subject to execution, garnishment, attachment, or […]
19-2-1005. Compensation limit
19-2-1005. Compensation limit. (1) A retirement system or plan subject to this chapter may not take into account compensation of a member in excess of the amount permitted in section 401(a)(17) of the Internal Revenue Code, 26 U.S.C. 401(a)(17), as adjusted for cost-of-living increases in accordance with section 401(a)(17)(B) of the Internal Revenue Code, 26 U.S.C. […]
19-2-1006. Use of forfeitures
19-2-1006. Use of forfeitures. A retirement system or plan subject to this chapter may not apply forfeitures of benefits resulting from the member’s termination of employment, the death of the member, or any other reason to increase the benefits of any member in a manner not permitted in Internal Revenue Code section 401(a)(8). However, forfeitures may […]
19-2-1007. Required distributions
19-2-1007. Required distributions. The benefits payable by a retirement system or plan subject to this chapter are subject to the requirements of section 401(a)(9) of the Internal Revenue Code as follows: (1) (a) Benefits must begin by April 1 of the calendar year following the later of: (i) the calendar year in which the member reaches 70 1/2 years of […]
19-2-1008. Budget Act superseded
19-2-1008. Budget Act superseded. This chapter shall be valid and effective despite any provisions in the state Budget Act to the contrary. History: En. 68-2508 by Sec. 56, Ch. 323, L. 1973; R.C.M. 1947, 68-2508; Sec. 19-3-106, MCA 1991; redes. 19-2-1008 by Sec. 238, Ch. 265, L. 1993.
19-2-905. Payments under workers’ compensation
19-2-905. Payments under workers’ compensation. All payments provided for in this chapter, except as otherwise provided, are in addition to any other benefits provided for under the Workers’ Compensation Act of the state of Montana. History: En. 68-2625 by Sec. 25, Ch. 178, L. 1974; R.C.M. 1947, 68-2625; amd. Sec. 33, Ch. 265, L. 1993; Sec. 19-7-103, […]