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Rule Title: EMPLOYMENT AFTER THE DROP PERIOD
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Department: ADMINISTRATION
Chapter: PUBLIC EMPLOYEES' RETIREMENT BOARD
Subchapter: Highway Patrol Officers' Retirement System
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.43.4020    EMPLOYMENT AFTER THE DROP PERIOD

(1) Unless the participant's DROP period is extended pursuant to ARM 2.43.4023, monthly DROP accruals will stop at the end of the designated DROP period even if the participant continues HPORS-covered employment.

(2) The participant's monthly service retirement benefit payments will begin the month following the month in which the participant terminates post-DROP HPORS-covered employment.

(3) The participant's DROP benefit will be distributed pursuant to ARM 2.43.4017.

History: 19-2-403, 19-6-1003, MCA; IMP, 19-6-1003, 19-6-1007, MCA; NEW, 2015 MAR p. 2244, Eff. 12/25/15.


 

 
MAR Notices Effective From Effective To History Notes
2-43-535 12/25/2015 Current History: 19-2-403, 19-6-1003, MCA; IMP, 19-6-1003, 19-6-1007, MCA; NEW, 2015 MAR p. 2244, Eff. 12/25/15.
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