19-3-1103. Disability benefit reduced by earnings. (1) (a) If the recipient of a disability retirement benefit is self-employed or employed in a position not covered by the retirement system, the recipient shall submit to the board an annual earnings statement, and any other documentation requested by the board, covering each month during which the recipient was self-employed or employed in the position.
(b) The amount of the recipient's retirement benefit for each month of employment must be reduced to an amount that, when added to the compensation earned by the recipient in that occupation, does not exceed the amount of the recipient's monthly compensation at the time of the recipient's retirement.
(c) The board shall annually adjust the recipient's monthly compensation as it was at the time of retirement by an inflationary factor if the recipient has been receiving a disability retirement benefit for more than 36 consecutive months.
(d) If the disability benefit recipient fails to submit the documentation as required under subsection (1)(a), the board may suspend the benefit payments until it receives the documentation.
(2) Benefit adjustments granted by the legislature may not be included in calculations required under this section.
History: En. 68-2202 by Sec. 39, Ch. 323, L. 1973; amd. Sec. 4, Ch. 190, L. 1974; R.C.M. 1947, 68-2202; amd. Sec. 8, Ch. 496, L. 1981; amd. Sec. 1, Ch. 23, L. 1987; amd. Sec. 89, Ch. 265, L. 1993; amd. Sec. 34, Ch. 562, L. 1999; amd. Sec. 37, Ch. 99, L. 2001; amd. Sec. 11, Ch. 178, L. 2013.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 3. Public Employees' Retirement System
Part 11. Reemployment of Retired Members
19-3-1101. Renumbered 19-3-1501
19-3-1102. Renumbered 19-3-1015
19-3-1103. Disability benefit reduced by earnings
19-3-1104. Cancellation of disability retirement benefit upon reemployment
19-3-1105. Refunds and benefits for reemployed retired members
19-3-1109. Renumbered 19-3-1601
19-3-1110. Renumbered 19-3-1602
19-3-1111. Renumbered 19-3-1603
19-3-1112. Nonapplication of part to defined contribution plan
19-3-1113. Contributions required for retirees who return to work