Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.43 - PUBLIC EMPLOYEES' RETIREMENT BOARD
Subchapter 2.43.46 - Municipal Police Officers' Retirement System
Rule 2.43.4624 - MINIMUM BENEFIT FOR DROP PARTICIPANTS
Universal Citation: MT Admin Rules 2.43.4624
Current through Register Vol. 18, September 20, 2024
(1) This rule applies to participants eligible for the minimum benefit adjustment under 19-9-1007, MCA.
(2) The monthly DROP accrual paid during the DROP period may not be less than the minimum benefit.
(3) Participants who continue employment after the DROP period may not receive minimum benefit increases during the period of post-DROP employment.
(4) The total retirement benefit paid to a participant after termination may not be less than the minimum benefit.
19-2-403, 19-9-1203, MCA; IMP, 19-9-1205, 19-9-1207, 19-9-1208, MCA;
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