19-3-2133. Employee investment advisory council. (1) The board shall create an employee investment advisory council. The advisory council shall meet at least four times a year to:
(a) advise the board concerning the operation of the defined contribution plan, including the selection of the initial investment alternatives to be provided pursuant to 19-3-2122;
(b) advise the board about negotiating, contracting, or modifying services for the state deferred compensation plan provided for in chapter 50; and
(c) review existing deferred compensation plans and to advise the board on the administration of the program.
(2) The advisory council is not subject to 2-15-122, except for payment of travel expenses.
History: En. Sec. 62, Ch. 471, L. 1999; amd. Sec. 30, Ch. 490, L. 2001; amd. Sec. 52, Ch. 429, L. 2003; amd. Sec. 18, Ch. 283, L. 2009; amd. Sec. 15, Ch. 178, 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