19-21-211. Payment of benefits. A retirement, death, or other benefit may not be paid by the state or the board of regents under the university system retirement program. Benefits are payable to a participant and the participant's beneficiaries only by the designated company or companies in accordance with the terms of the contracts.
History: En. Sec. 7, Ch. 494, L. 1987; amd. Sec. 262, Ch. 56, L. 2009; amd. Sec. 14, Ch. 282, L. 2013.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 21. University System Retirement Program
Part 2. Participation -- Benefits
19-21-201. Participation in program
19-21-202. Effect on rights under teachers' retirement system
19-21-203. Contributions -- supplemental contributions
19-21-204. through 19-21-210 reserved
19-21-211. Payment of benefits
19-21-212. Exemption from taxation, legal process, and assessments
19-21-213. Participation by employees in positions covered by public employees' retirement system