Montana Code 19-6-803. Application to purchase law enforcement service performed in another state
19-6-803. Application to purchase law enforcement service performed in another state. (1) (a) Subject to subsection (1)(b) and 19-6-805, a member may, at any time before retirement, file a written application with the board to purchase 1 year of out-of-state law enforcement employment for each year of service credit, unless the member is eligible to receive a retirement benefit in another system or plan for that same service.
Terms Used In Montana Code 19-6-803
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(b)A member must have at least the following years of membership service to apply to purchase service credit under this section:
(i)for a member hired before July 1, 2013, 5 years; and
(ii)for a member hired on or after July 1, 2013, 10 years.
(2)To purchase this service credit, a member shall pay the actuarial cost of the service credit in the retirement system, as determined by the board, based on:
(a)the member’s compensation for the 12 months immediately preceding the date of the member’s election to purchase the service credit under the retirement system; and
(b)the actuarial rate in effect at the time of purchase of service credit.
(3)Service credit purchased under this section may not be used to qualify a member to purchase military service credit under 19-6-801.
(4)Service credit purchased under this section may not be used in calculating a member’s retirement benefit unless the last 5 years of service credit were earned under the retirement system. If, upon retirement, a member’s purchased service credit may not be used in calculating the member’s retirement benefit, the member must receive a refund of the amount paid by the member to purchase the service credit, plus regular interest on that amount.