Sections
Part 1 General Provisions § 19-9-101 – § 19-9-112
Part 2 Extension of Coverage by Local Government Employers § 19-9-201 – § 19-9-209
Part 3 Eligibility, Membership, and Vesting § 19-9-301 – § 19-9-305
Part 4 Service Credit § 19-9-401 – § 19-9-411
Part 7 Contributions § 19-9-701 – § 19-9-710
Part 8 Service Retirement Benefits § 19-9-801 – § 19-9-804
Part 9 Disability Retirement Benefits § 19-9-901 – § 19-9-912
Part 10 Postretirement Benefits and Benefit Increases § 19-9-1001 – § 19-9-1020
Part 11 Survivorship Benefits and Death Payments § 19-9-1101 – § 19-9-1102
Part 12 Deferred Retirement Option Plan (DROP) § 19-9-1201 – § 19-9-1208
Part 13 Reemployment of Retired Members § 19-9-1301 – § 19-9-1303

Terms Used In Montana Code > Title 19 > Chapter 9 - Police Retirement -- Statewide Plan

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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
  • Department: means a principal functional and administrative entity that:

    (a)is created by this chapter within the executive branch of state government;

    (b)is one of the 20 principal departments permitted under the constitution; and

    (c)includes its units. See Montana Code 2-15-102

  • Dependent: A person dependent for support upon another.
  • DROP: means the deferred retirement option plan established pursuant to this part. See Montana Code 19-9-1202
  • DROP account: means the member's accumulated monthly DROP accruals, including any postretirement adjustments, plus interest. See Montana Code 19-9-1202
  • DROP benefit: means the lump-sum benefit calculated and distributed as provided in this part. See Montana Code 19-9-1202
  • DROP period: means the period of time that a member irrevocably elects to participate in the DROP pursuant to 19-9-1204. See Montana Code 19-9-1202
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Participant: means a member of the retirement system who has elected to participate in the DROP pursuant to this part. See Montana Code 19-9-1202
  • United States: includes the District of Columbia and the territories. See Montana Code 1-1-201