19-20-1202. Correction of errors. The retirement system shall correct errors and, as far as practicable, shall:
(1) in the case of underpaid benefits, adjust future benefit payments so the actuarial equivalent of the benefit to which the member or benefit recipient is correctly entitled will be paid;
(2) in the case of overpaid contributions, refund the excess contributions;
(3) in the case of unpaid contributions, recover the amounts owed for unpaid contributions; and
(4) in the case of overpaid benefits, recover the amounts owed for overpayment.
History: En. Sec. 2, Ch. 210, L. 2015.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 20. Teachers' Retirement
Part 12. Unpaid Contributions and Overpayments
19-20-1202. Correction of errors
19-20-1203. Recovery of unpaid employer contributions
19-20-1204. Recovery of unpaid employee contributions
19-20-1205. Recovery of overpayments
19-20-1206. Interest on overpayments and unpaid contributions
19-20-1207. through 19-20-1210 reserved
19-20-1211. Notices required -- initial notice -- final staff determination
19-20-1213. Retirement system's discretion -- priority right to recover