Montana Code 19-3-2125. Death benefits
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19-3-2125. Death benefits. A plan member‘s beneficiary must be determined as provided in chapter 2, part 8, of this title. Upon filing a written application with the board after the death of a plan member, the member’s beneficiary is entitled to the member’s vested account balance subject to this part.
Terms Used In Montana Code 19-3-2125
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
- Member: means a person with a retirement account in the defined contribution plan. See Montana Code 19-3-2101