Eligibility for service retirement
(1) A tier one member is eligible to receive a service retirement allowance calculated under 19-20-804(1) if the member:
(a) has been credited with at least 5 full years of creditable service and has attained the age of 60; or
(b) has been credited with full-time or part-time creditable service in 25 or more years.
(2) Except as provided in subsection (3), a tier two member is eligible to receive a service retirement allowance calculated under 19-20-804(1) if the member:
(a) has been credited with at least 5 full years of creditable service and has attained the age of 60; or
(b) has been credited with full-time or part-time creditable service in 30 or more years and has attained the age of 55.
(3) A tier two member who has been credited with 30 or more years of creditable service and has attained the age of 60 is eligible for a professional retirement option allowance calculated under 19-20-804(2).
(4) To receive a retirement allowance under 19-20-804, the member must have terminated employment in all positions reportable to the retirement system and must file a written application with the retirement board.
(5) A vested member who has attained normal retirement age has a nonforfeitable right to the benefits accrued and payable under the provisions of this chapter, subject to the member's right to a refund of the member's accumulated contributions under 19-20-603.
| EnactedEn. 75-6208 by SectionSec. 103, ChapterCh. 5, Laws ofL. 1971 |
| AmendedAmd. SectionSec. 2, ChapterCh. 57, Laws ofL. 1971 |
| AmendedAmd. SectionSec. 2, ChapterCh. 422, Laws ofL. 1971 |
| AmendedAmd. SectionSec. 4, ChapterCh. 507, Laws ofL. 1973 |
| AmendedAmd. SectionSec. 3, ChapterCh. 26, Laws ofL. 1975 |
| AmendedAmd. SectionSec. 5, ChapterCh. 127, Laws ofL. 1977 |
| AmendedAmd. SectionSec. 5, ChapterCh. 331, Laws ofL. 1977 |
| AmendedAmd. SectionSec. 1, ChapterCh. 443, Laws ofL. 1977 |
| Revised Codes of MontanaR.C.M. 1947, 75-6208(2)(a) |
| AmendedAmd. SectionSec. 3, ChapterCh. 527, Laws ofL. 1983 |
| SectionSec. 19-4-801, Montana Code AnnotatedMCA 1991 |
| RedesignatedRedes. 19-20-801 by Code Commissioner, 1993 |
| AmendedAmd. SectionSec. 22, ChapterCh. 442, Laws ofL. 1997 |
| AmendedAmd. SectionSec. 20, ChapterCh. 111, Laws ofL. 1999 (HB 118 - Mood, Douglas (R) HD 58) |
| AmendedAmd. SectionSec. 13, ChapterCh. 366, Laws ofL. 2013 (HB 54 - Ingraham, Pat (R) HD 13) |
| AmendedAmd. SectionSec. 10, ChapterCh. 276, Laws ofL. 2019 (HB 204 - Ryan, Marilyn (D) HD 99) |