Montana Code 19-3-109. Public employees’ retirement system benefit policy statement
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19-3-109. Public employees’ retirement system benefit policy statement. It is the policy of the state that additional benefits may not be added to the public employees’ retirement system unless the system amortizes in 30 years or less and the additional benefit is projected to be fully funded in perpetuity.
Terms Used In Montana Code 19-3-109
- retirement system: means the public employees' retirement system established in 19-3-103. See Montana Code 19-3-108
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201