Mont. Code § 19-6-803

Current through the 2023 Regular Session
Section 19-6-803 - Application to purchase law enforcement service performed in another state
(1)
(a) Subject to subsection (1)(b) and 19-6-805, a member may, at any time before retirement, file a written application with the board to purchase 1 year of out-of-state law enforcement employment for each year of service credit, unless the member is eligible to receive a retirement benefit in another system or plan for that same service.
(b) A member must have at least the following years of membership service to apply to purchase service credit under this section:
(i) for a member hired before July 1, 2013, 5 years; and
(ii) for a member hired on or after July 1, 2013, 10 years.
(2) To purchase this service credit, a member shall pay the actuarial cost of the service credit in the retirement system, as determined by the board, based on:
(a) the member's compensation for the 12 months immediately preceding the date of the member's election to purchase the service credit under the retirement system; and
(b) the actuarial rate in effect at the time of purchase of service credit.
(3) Service credit purchased under this section may not be used to qualify a member to purchase military service credit under 19-6-801.
(4) Service credit purchased under this section may not be used in calculating a member's retirement benefit unless the last 5 years of service credit were earned under the retirement system. If, upon retirement, a member's purchased service credit may not be used in calculating the member's retirement benefit, the member must receive a refund of the amount paid by the member to purchase the service credit, plus regular interest on that amount.

§ 19-6-803, MCA

Amended by Laws 2013, Ch. 272, Sec. 13, eff. 7/1/2013.
En. Sec. 1, Ch. 142, L. 1991; amd. Sec. 120, Ch. 265, L. 1993; Sec. 19-6-306, MCA 1991; redes. 19-6-803 by Code Commissioner, 1993; amd. Sec. 29, Ch. 58, L. 1999; amd. Sec. 54, Ch. 562, L. 1999; amd. Sec. 63, Ch. 99, L. 2001; amd. Sec. 67, Ch. 429, L. 2003.