Montana Code 19-3-1211. Refund when former member dies after transferring to another system
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19-3-1211. Refund when former member dies after transferring to another system. The accumulated contributions of a member who dies after becoming a member of any other system described in 19-3-403(6) and before receiving the member’s accumulated contributions must be paid to the designated beneficiary.
Terms Used In Montana Code 19-3-1211
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC