Montana Code 19-21-211. Payment of benefits
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19-21-211. Payment of benefits. A retirement, death, or other benefit may not be paid by the state or the board of regents under the university system retirement program. Benefits are payable to a participant and the participant’s beneficiaries only by the designated company or companies in accordance with the terms of the contracts.
Terms Used In Montana Code 19-21-211
- Program: means the university system retirement program established pursuant to this chapter. See Montana Code 19-21-102
- 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
- system: means the teachers' retirement system provided for in Title 19, chapter 20. See Montana Code 19-21-102