PUBLIC EMPLOYEES' RETIREMENT BOARD

2.43.425 INCOMPLETE PAYMENTS (REPEALED) Authorizing statute(s): 19-2-403, 19-3-2104, MCA Implementing statute(s): 19-2-602, 19-2-704, Title 19, Ch. 3, part 5, 19-3-2115, 19-5-409, Title 19, Ch. 6, part 8, Ch. 7, part 8, Ch. 8, part 9, Ch. 9, part 4, Ch. 13, part 4, MCA History: N…

2.43.428 ACCEPTABLE DOCUMENTATION OF PUBLIC SERVICE EMPLOYMENT (REPEALED) Authorizing statute(s): 19-2-403, MCA Implementing statute(s): 19-2-715, 19-3-503, 19-3-505, 19-3-510, 19-3-512, 19-3-515, 19-6-801, 19-6-803, 19-7-803, 19-8-901, 19-8-903, 19-9-403, 19-13-403, MCA History:…

2.43.429 FULL SALARY CREDIT FOR TEMPORARY WORK REDUCTIONS (REPEALED) Authorizing statute(s): 19-3-304, 19-6-201, 19-7-201, 19-8-201, 19-9-201, 19-13-202, MCA Implementing statute(s): 19-3-308, 19-6-204, 19-7-203, 19-8-204, 19-9-204, 19-13-205, MCA History: NEW, 1987 MAR p. 1338, …

2.43.430 OUT-OF-STATE OR FEDERAL PUBLIC SERVICE (REPEALED) Authorizing statute(s): 19-2-403, 19-3-304, MCA Implementing statute(s): 19-3-512, 19-6-803, 19-8-903, MCA History: NEW, 1987 MAR p. 1338, Eff. 8/14/87; AMD, 1990 MAR p. 994A, Eff. 7/1/90; AMD, 1991 MAR p. 2216, Eff. 11/1…

2.43.431 SHERIFF'S MILITARY BUY-BACK (REPEALED) Authorizing statute(s): 19-7-201, MCA Implementing statute(s): 19-7-310, MCA History: NEW, 1987 MAR p. 1338, Eff. 8/14/87; AMD, 1990 MAR p. 994A, Eff. 7/1/90; REP, 1992 MAR p. 466, Eff. 5/29/92.

2.43.434 SERVICE CREDITS FOR PERIODS OF COMPENSATED EDUCATIONAL LEAVE (REPEALED) Authorizing statute(s): 19-3-304, 19-6-201, 19-7-201, 19-8-201, 19-9-201, 19-13-202, MCA Implementing statute(s): Title 19, Ch. 3, 6, 7, 8, 9, 13, MCA History: NEW, 1991 MAR p. 2216, Eff. 11/15/91; R…

2.43.435 PURCHASE OF RETROACTIVE SERVICE BY FEE BASIS OFFICIALS (REPEALED) Authorizing statute(s): 19-3-304, 19-6-201, 19-7-201, MCA Implementing statute(s): Title 19, Ch. 3, 6, 7, MCA History: NEW, 1991 MAR p. 2216, Eff. 11/15/91; REP, 1999 MAR p. 1504, Eff. 7/2/99.

2.43.436 PURCHASE OF PREVIOUS MILITARY SERVICE--MODIFICATIONS AFFECTING ACTUARIAL COST (REPEALED) Authorizing statute(s): 19-2-403, 19-7-201, 19-9-201, 19-13-202, MCA Implementing statute(s): 19-7-301, 19-7-803, 19-9-403, 19-13-403, MCA History: NEW, 1991 MAR p. 2216, Eff. 11/15/…

2.43.438 HIGHWAY PATROL OFFICERS' OUT-OF-STATE LAW ENFORCEMENT SERVICE (REPEALED) Authorizing statute(s): 19-6-201, MCA Implementing statute(s): 19-6-306, MCA History: NEW, 1991 MAR p. 2216, Eff. 11/15/91; REP, 1999 MAR p. 1504, Eff. 7/2/99.

2.43.439 ELECTION BY LOCAL GOVERNMENTS TO BE SUBJECT TO THE RETIREMENT INCENTIVE PROGRAM (REPEALED) Authorizing statute(s): 19-2-403, 19-3-908, MCA Implementing statute(s): 19-3-908, MCA History: NEW, 1993 MAR p. 2008, Eff. 8/27/93; REP, 1996 MAR p. 408, Eff. 2/9/96.

2.43.450 NOTICE TO POTENTIALLY ELIGIBLE EMPLOYEES (REPEALED) Authorizing statute(s): 19-2-403, 19-3-908, MCA Implementing statute(s): 19-3-908, MCA History: NEW, 1993 MAR p. 2008, Eff. 8/27/93; REP, 1996 MAR p. 408, Eff. 2/9/96.

2.43.453 INFORMATION TO BE RETAINED BY EMPLOYERS (REPEALED) Authorizing statute(s): 19-2-403, MCA Implementing statute(s): 19-3-908, MCA History: NEW, 1993 MAR p. 2008, Eff. 8/27/93; AMD, 1993 MAR p. 2762, Eff. 11/25/93; REP, 1996 MAR p. 408, Eff. 2/9/96.

2.43.4603 MUNICIPAL POLICE OFFICERS' MINIMUM BENEFIT ADJUSTMENTS When a city belonging to MPORS has not negotiated a salary agreement with its actively employed police officers by July 1 of any year, the following actions will be taken by MPERA: Retirement benefits will be paid t…

2.43.4606 DEFINITIONS "DROP" means the deferred retirement option plan. "DROP account" means the amount of money that has accrued to a DROP participant and includes the monthly DROP accrual plus post retirement adjustments, times the applicable number of months of participation, …

2.43.4609 DROP APPLICATION PROCESS Eligible members who wish to participate in the DROP must file a DROP information request with MPERA. The information request must include the member's: full name; social security number; mailing address; date of birth; and anticipated date to s…

2.43.4610 DROP PERIOD The DROP period must begin on the first day of a month, must be prospective, and must end on the last day of a month. The DROP period will end as specified on the application, upon termination, or upon the participant's death, whichever occurs first. If the …

2.43.4613 DROP PARTICIPATION LIMITS A DROP participant: is not eligible for disability retirement; may not purchase service; may not receive membership or service credit; and may not receive a refund. Authorizing statute(s): 19-2-403, 19-9-1203, MCA Implementing statute(s): 19-9-…

2.43.4615 ESTIMATED MONTHLY DROP ACCRUAL Once a participant files an application to participate in the DROP, the participant may be paid estimated monthly DROP accruals. The employer shall provide all documents MPERA needs to determine the participant's total service credit and f…

2.43.4616 INTEREST PAID TO PARTICIPANTS A participant's DROP account must include compounded annual interest. Subject to (3), the interest rate will be fixed at the end of each fiscal year and will equal the actuarially assumed rate of return for the trust fund. Interest credited…

2.43.4617 DISTRIBUTION OF DROP BENEFIT The DROP benefit will be distributed upon the participant's termination of service. The participant may request to receive the DROP benefit in a lump sum, or in a direct rollover to another eligible plan, as allowed by the Internal Revenue S…

2.43.4618 DISTRIBUTION OF DROP BENEFIT PURSUANT TO FAMILY LAW ORDER A family law order (FLO) may distribute all or a portion of a DROP participant's DROP benefit to an alternate payee. To do so, the FLO must specifically reference distribution of a DROP benefit and provide a spec…

2.43.4620 EMPLOYMENT AFTER THE DROP PERIOD -- PAYMENTS Monthly DROP accruals will stop at the end of the designated DROP period even if the participant continues employment. The participant's monthly service retirement benefit payments for the pre-DROP period and the post-DROP pe…

2.43.4623 GUARANTEED ANNUAL BENEFIT ADJUSTMENT INCREASES FOR DROP PARTICIPANTS This rule applies to participants eligible for the guaranteed annual benefit adjustment (GABA) under 19-9-1009 , 19-9-1010 , or 19-9-1013 , MCA. A participant will be eligible for subsequent GABA incre…

2.43.4624 MINIMUM BENEFIT FOR DROP PARTICIPANTS This rule applies to participants eligible for the minimum benefit adjustment under 19-9-1007, MCA. The monthly DROP accrual paid during the DROP period may not be less than the minimum benefit. Participants who continue employment …

2.43.4803 FIREFIGHTERS' MINIMUM BENEFIT ADJUSTMENTS When a city belonging to FURS has not negotiated a salary agreement with its actively employed firefighters by July 1 of any year, MPERA shall take the following actions: Retirement benefits will be paid to non-GABA retirees fro…

2.43.4807 PART-PAID FIREFIGHTERS' SERVICE Service credit earned by part-paid firefighters prior to July 1, 1981, will be computed and granted on the basis of the ratio of salary earned by the part-paid firefighter to the salary paid to a newly confirmed full-paid firefighter duri…

2.43.5001 BASIC UNIT OF SERVICE As of July 1, 1965, the basic unit of service for volunteer firefighters is one fiscal year. Volunteer firefighters not continuously on the active membership list of a single qualifying volunteer fire company for the entire fiscal year shall not be…

2.43.5002 FAILURE TO FILE REQUIRED REPORTS Annual certificates filed after the September 1 due date must be appealed to and considered by the board for approval. Information provided to the board by the fire chief or designated official must include: the original, notarized annua…

2.43.5003 MEMBERSHIP CARDS Each member must complete a VFCA membership card upon commencing service as a volunteer firefighter, name change, change of statutory beneficiary, or change of fire company/district. Authorizing statute(s): 19-17-203, MCA Implementing statute(s): 19-17-…

2.43.5004 EFFECTIVE DATE FOR PENSION BENEFIT ADJUSTMENTS By October 31 of each year the board shall determine whether the VFCA pension trust fund is actuarially sound and the amortization period for any unfunded liability remains at 20 years or less. As required by 19-17-404, MCA…

2.43.5005 APPLICATION PROCESS FOR VFCA DISABILITY BENEFITS All forms necessary to apply for disability benefits may be obtained from MPERA. The following forms must be completed and submitted to MPERA before the board will act on the application for disability benefits: applicati…

2.43.5006 APPLICATION FOR GROUP INSURANCE PREMIUM PAYMENTS Each volunteer fire company, or organization or agency maintaining supplemental insurance for a fire company, is eligible for payments toward supplemental insurance coverage for active members of the fire company provided…

2.43.5007 PAYMENTS FOR MEDICAL EXPENSES RESULTING FROM DUTY-RELATED INJURIES AND ILLNESSES Payments for medical expense claims made pursuant to Title 19, chapter 17, part 5, MCA, will be paid after: the claim is properly filed as described in 19-17-502, MCA; and all personal and/…

2.43.5008 PAYMENTS FOR FUNERAL EXPENSES RESULTING FROM DUTY-RELATED DEATH Payments for funeral expense claims made pursuant to Title 19, chapter 17, part 5, MCA, will be paid after: the claim is properly filed as described in 19-17-503, MCA; and all personal and/or group insuranc…

2.43.501 SERVICE RETIREMENT -- WHEN EFFECTIVE (IS HEREBY REPEALED) Authorizing statute(s): 19-3-903, 19-5-201, 19-6-201, 19-8-201, MCA Implementing statute(s): 19-3-903, 19-5-501, 19-6-501, 19-8-601, MCA History: Eff. 12/31/72; REP, 1986 MAR p. 1454, Eff. 8/29/86.