Montana Code 19-8-1003. Nonduty-related death of active member
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19-8-1003. Nonduty-related death of active member. If a vested member dies before reaching normal retirement age, the member’s designated beneficiary may choose either a lump-sum refund of the member’s accumulated contributions or the actuarial equivalent of the service retirement benefit provided for in 19-8-603.
Terms Used In Montana Code 19-8-1003
- 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