19-20-716. Termination pay
19-20-716. Termination pay. (1) If a member terminates and receives termination pay at the time of retirement, the member shall select, subject to subsections (4) and (5), one of the following options: (a) Option 1–The member may use the total termination pay in the calculation of the member’s average final compensation. The member and the employer shall […]
19-20-703. Payments to be monthly
19-20-703. Payments to be monthly. (1) All retirement allowances must be paid in equal monthly installments. (2) Except as provided in subsection (5), the retirement allowance may commence: (a) no earlier than the first day of the month following the member’s termination date or on the first day of the month following the date when the member first […]
19-20-704. Repealed
19-20-704. Repealed. Sec. 26, Ch. 111, L. 1999. History: En. 75-6201 by Sec. 96, Ch. 5, L. 1971; amd. Sec. 21, Ch. 326, L. 1974; amd. Sec. 1, Ch. 26, L. 1975; amd. Sec. 1, Ch. 127, L. 1977; amd. Sec. 1, Ch. 331, L. 1977; R.C.M. 1947, 75-6201(part); Sec. 19-4-704, MCA 1991; redes. 19-20-704 by Code […]
19-20-705. Repealed
19-20-705. Repealed. Sec. 30, Ch. 210, L. 2015. History: En. 75-6217 by Sec. 112, Ch. 5, L. 1971; amd. Sec. 12, Ch. 127, L. 1977; R.C.M. 1947, 75-6217(2); Sec. 19-4-705, MCA 1991; redes. 19-20-705 by Code Commissioner, 1993; amd. Sec. 19, Ch. 45, L. 2001; amd. Sec. 7, Ch. 174, L. 2003; amd. Sec. 13, Ch. 90, […]
19-20-706. Exemption from taxation and legal process
19-20-706. (Temporary) Exemption from taxation and legal process. Except as provided in 19-20-305 and 19-20-306, the retirement allowances or any other benefits accrued or accruing to any person under the provisions of the retirement system and the accumulated contributions and cash and securities in the various funds of the retirement system are: (1) exempted from any state, […]
19-20-701. Benefits
19-20-701. Benefits. (1) The retirement, disability, and other benefits of the retirement system must be granted on the basis of the provisions of this chapter. A member’s written application for benefits must include a statement certifying that there has been a bona fide separation from service, including whether there are any intentions to be reemployed with […]
19-20-702. Optional allowances — joint and survivor annuity — period certain
19-20-702. Optional allowances — joint and survivor annuity — period certain. (1) (a) Until the first payment on account of any benefit becomes normally due, any member may elect to receive one of the allowances described in subsection (2) or (3) in lieu of the normal form retirement allowance. (b) Upon the retirement system’s processing of a retired […]