Administrative Rules of Montana
Department 2 - ADMINISTRATION
Chapter 2.44 - TEACHERS' RETIREMENT BOARD
Subchapter 2.44.5 - Benefits
Rule 2.44.518 - LIMIT ON EARNED COMPENSATION - 10% CAP
Current through Register Vol. 18, September 20, 2024
(1) The earned compensation for each year used in calculating a member's average final compensation may not exceed either the member's actual earned compensation or earnings adjusted by this rule for the preceding year by more than 10% except for increases that result from:
(2) The member must provide adequate documentation to permit the board to make an informed decision concerning exceptions to the 10% limitation. Adequate documentation includes but is not limited to the following:
(3) The assignment of additional duties of a one time or temporary nature shall not be exempt from the 10% limitation.
(4) Average final compensation is equal to total compensation less excess earnings not qualifying for an exemption.
19-4-201, 19-20-201, MCA; IMP, 19-4-101, 19-20-101, 19-20-715, MCA;