19-3-515. Purchase of federal volunteer service. (1) Subject to 19-3-514, a member with at least 5 years of membership service may, at any time prior to retirement, file a written application with the board to purchase membership service and service credit for up to 5 years of the member's service as a volunteer in a United States service program, such as the peace corps, or successful completion of a term of service in a national service position as described in the National and Community Service Act of 1990, 42 U.S.C. 12501, et seq.
(2) Purchase of membership service and service credit under this section is subject to the board's verification of the member's volunteer service.
(3) To purchase this membership service and service credit, the member shall pay the actuarial cost of the service credit, based on the system's most recent actuarial valuation.
History: En. Sec. 1, Ch. 292, L. 2003.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 3. Public Employees' Retirement System
19-3-501. Absence not included in service
19-3-503. Application to purchase military service
19-3-504. Absence due to illness or injury
19-3-505. Purchase of previous employment with employer
19-3-510. Employment in United States government
19-3-512. Purchase of service credit from other public retirement systems
19-3-513. Application to purchase additional service
19-3-514. Service purchase limit -- exception
19-3-515. Purchase of federal volunteer service
19-3-516. through 19-3-519 reserved
19-3-521. Service credit for legislative members
19-3-522. Nonapplication of part to defined contribution plan