19-3-902. Eligibility for early retirement. (1) A member hired prior to July 1, 2011, who:
(a) is not eligible for service retirement but has attained age 50 and has 5 years of membership service is eligible for early retirement; or
(b) has completed 25 years or more of membership service is eligible for early retirement.
(2) A member hired on or after July 1, 2011, who is not eligible for service retirement but has attained age 55 and has 5 years of membership service is eligible for early retirement.
History: En. 68-2001 by Sec. 29, Ch. 323, L. 1973; amd. Sec. 8, Ch. 128, L. 1975; R.C.M. 1947, 68-2001(2); amd. Sec. 6, Ch. 496, L. 1981; amd. Sec. 67, Ch. 265, L. 1993; amd. Sec. 5, Ch. 369, L. 2011.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 3. Public Employees' Retirement System
Part 9. Service Retirement Benefits
19-3-901. Eligibility for service retirement
19-3-902. Eligibility for early retirement
19-3-904. Amount of service retirement benefit
19-3-905. Adjustment of benefit for certain members
19-3-906. Early retirement benefit
19-3-908. Retirement incentive program -- window of eligibility
19-3-909. Nonapplication of part to defined contribution plan