Deferred retirement option plan established -- compliance with federal law -- rulemaking

  1. Law
  2. Montana Code Annotated
  3. Public Retirement Systems
  4. Police Retirement -- Statewide Plan
  5. Deferred Retirement Option Plan (DROP)
  6. Deferred retirement option plan established -- compliance with federal law -- rulemaking

Checkout our iOS App for a better way to browser and research.

19-9-1203. Deferred retirement option plan established -- compliance with federal law -- rulemaking. (1) The board shall establish a DROP for eligible members of the retirement system who elect to participate.

(2) The board shall administer the DROP in compliance with the Internal Revenue Code and the applicable rules, regulations, and determinations of the internal revenue service.

(3) The board may adopt rules to administer this part.

History: En. Sec. 3, Ch. 514, L. 2001.


Download our app to see the most-to-date content.