Montana Code 19-3-2106. Limited contract right
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19-3-2106. Limited contract right. The statutory provisions governing the defined contribution plan and the university system retirement program are subject to amendment by the legislature. Employees choosing the defined contribution plan or the university system retirement program pursuant to this part do not have a contract right to the specific terms and conditions specified in statute on the date the employee’s choice becomes effective.
Terms Used In Montana Code 19-3-2106
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
- Contract: A legal written agreement that becomes binding when signed.
- defined contribution plan: means the defined contribution retirement plan. See Montana Code 19-3-2101
- Statute: A law passed by a legislature.
- University system retirement program: means the retirement plan established by the board of regents under Title 19, chapter 21. See Montana Code 19-3-2101