Statutes > Montana Statutes > TITLE 19. PUBLIC RETIREMENT SYSTEMS > CHAPTER 9. POLICE RETIREMENT -- STATEWIDE PLAN > Part 12. Deferred Retirement Option Plan (DROP) > 19-9-1205. Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns.

19-9-1205. Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns.


     19-9-1205. Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns. (1) During a member's participation in the DROP, state contributions under 19-9-702, employer contributions under 19-9-703, and member contributions under 19-9-710 must continue to be made to the retirement system.
     (2) For each DROP participant, the board shall calculate a monthly DROP accrual and the contribution to the participant's DROP account.

     History: En. Sec. 5, Ch. 514, L. 2001; amd. Sec. 101, Ch. 429, L. 2003; amd. Sec. 24, Ch. 128, L. 2007.