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Rule Title: ELECTION FOR EMPLOYEES IN OPTIONAL PERS MEMBERSHIP POSITIONS
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Department: ADMINISTRATION
Chapter: PUBLIC EMPLOYEES' RETIREMENT BOARD
Subchapter: PERS - DCRP
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.43.3520    ELECTION FOR EMPLOYEES IN OPTIONAL PERS MEMBERSHIP POSITIONS

(1) An employee eligible for optional membership who, pursuant to 19-3-412, MCA, chooses to be a member of PERS will initially be a participant of the PERS DBRP. The DBRP participant will have 12 months from the first day of the month following the month the member is initially reported to MPERA as a PERS member to file a retirement plan choice election form with MPERA pursuant to ARM 2.43.3510

(2) An employee who declines optional membership under 19-3-412, MCA, is not a member of PERS and has no retirement plan choice.

History: 19-2-403, 19-3-2104, MCA; IMP, 19-3-2104, 19-3-2111, MCA; NEW, 2002 MAR p. 1884, Eff. 7/12/02; AMD & TRANS, from ARM 2.43.1020, 2008 MAR p. 2467, Eff. 12/1/08.


 

 
MAR Notices Effective From Effective To History Notes
2-43-403 12/1/2008 Current History: 19-2-403, 19-3-2104, MCA; IMP, 19-3-2104, 19-3-2111, MCA; NEW, 2002 MAR p. 1884, Eff. 7/12/02; AMD & TRANS, from ARM 2.43.1020, 2008 MAR p. 2467, Eff. 12/1/08.
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