19-3-2106. Limited contract right. The statutory provisions governing the defined contribution plan and the university system retirement program are subject to amendment by the legislature. Employees choosing the defined contribution plan or the university system retirement program pursuant to this part do not have a contract right to the specific terms and conditions specified in statute on the date the employee's choice becomes effective.
History: En. Sec. 16, Ch. 490, L. 2001; amd. Sec. 4, Ch. 282, L. 2013.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 3. Public Employees' Retirement System
Part 21. Defined Contribution Plan
19-3-2104. Board powers and duties -- rulemaking
19-3-2105. Administrative expenses and fees
19-3-2106. Limited contract right
19-3-2107. through 19-3-2110 reserved
19-3-2111. Plan membership -- written election required -- failure to elect -- effect of election
19-3-2114. Amount available to transfer
19-3-2116. Vesting -- mandatory termination of membership -- forfeitures
19-3-2117. Allocation of contributions and forfeitures
19-3-2118. through 19-3-2120 reserved
19-3-2122. Investment alternatives -- notice of changes -- default fund
19-3-2123. Payout of vested account balances when terminating plan membership
19-3-2126. Refunds -- minimum account balance -- adjustment by rule
19-3-2127. through 19-3-2130 reserved
19-3-2133. Employee investment advisory council
19-3-2135. through 19-3-2140 reserved
19-3-2142. Disability benefit recipients to remain members -- access to account prohibited