19-3-103. Retirement system created -- system to consist of two plans. (1) A defined benefit retirement plan is created and established to become effective July 1, 1945.
(2) A defined contribution plan is established as provided in part 21 of this chapter.
(3) The public employees' retirement system consists of the defined benefit plan and the defined contribution plan. Each plan within the system is governed by the applicable provisions of chapter 2 and this chapter.
History: En. 68-1502 by Sec. 3, Ch. 323, L. 1973; R.C.M. 1947, 68-1502; amd. Sec. 43, Ch. 265, L. 1993; amd. Sec. 29, Ch. 471, L. 1999.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 3. Public Employees' Retirement System
19-3-103. Retirement system created -- system to consist of two plans
19-3-105. Renumbered 19-2-1004
19-3-106. Renumbered 19-2-1008
19-3-107. Renumbered 19-2-1001
19-3-109. and 19-3-110 reserved
19-3-111. Exemption for certain university temporary employees -- "temporary employee" defined