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Rule: 2.43.2324 Prev     Up     Next    
Rule Title: GUARANTEED ANNUAL BENEFIT ADJUSTMENT COVERAGE
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Department: ADMINISTRATION
Chapter: PUBLIC EMPLOYEES' RETIREMENT BOARD
Subchapter: Service Purchases
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.43.2324    GUARANTEED ANNUAL BENEFIT ADJUSTMENT COVERAGE

(1) Defined benefit members who terminate covered employment, accept a refund of their accumulated contributions, and return to covered employment in the same system, will be eligible for the GABA provisions in effect at the time the member returns to covered employment.

(2) Purchase of the refunded time does not affect the member's new hire date. The member will remain eligible for the GABA provisions then in effect, not the GABA associated with the refunded time.

History: 19-2-403, MCA; IMP, 19-2-603, 19-3-1605, 19-6-712, 19-7-711, 19-8-1105, MCA; NEW, 2008 MAR p. 2467, Eff. 12/1/08; AMD, 2013 MAR p. 2238, Eff. 11/28/13


 

 
MAR Notices Effective From Effective To History Notes
2-43-497 11/28/2013 Current History: 19-2-403, MCA; IMP, 19-2-603, 19-3-1605, 19-6-712, 19-7-711, 19-8-1105, MCA; NEW, 2008 MAR p. 2467, Eff. 12/1/08; AMD, 2013 MAR p. 2238, Eff. 11/28/13
2-43-403 12/1/2008 11/28/2013 History: 19-2-403, MCA; IMP, 19-2-603, 19-3-1605, 19-7-711, 19-8-1105, MCA; NEW, 2008 MAR p. 2467, Eff. 12/1/08.
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