PUBLIC EMPLOYEES' RETIREMENT BOARD

2.43.5101 ADOPTION OF DEFERRED COMPENSATION PLAN DOCUMENT AND TRUST AGREEMENT The board adopts and incorporates by reference the following: State of Montana Public Employee Deferred Compensation Plan Document, that was approved by the board on June 12, 2025, and describes the ter…

2.43.5102 ADOPTION OF INVESTMENT POLICY STATEMENT AND FIXED FUND INVESTMENT POLICY STATEMENT The board adopts and incorporates by reference the State of Montana 457 Plan (deferred compensation) Investment Policy Statement approved by the board on April 11, 2024. The Investment Po…

2.43.5103 DEFERRED COMPENSATION PLAN INVESTMENT OPTIONS The board will choose, regularly review, and may discontinue, add, or change investment options offered to participants of the Deferred Compensation Plan. In doing so, the board will consider recommendations of the statutori…

2.43.5104 ADOPTION OF STATE OF MONTANA PUBLIC EMPLOYEES POOLED TRUST The board adopts and incorporates by reference the Declaration of Trust – State of Montana Public Employees Pooled Trust approved by the board and effective on December 13, 2018, and became effective on January …

2.43.5109 DEFINITIONS Domestic Relations Order (DRO) is a draft document designed to divide a participant's 457 account pursuant to a domestic relations order. Qualified Domestic Relations Order (QDRO) is a domestic relations order that has been approved by the board. Authorizing…

2.43.5110 QUALIFIED DOMESTIC RELATIONS ORDERS – GENERAL REQUIREMENTS The board will accept and implement QDROs in the Deferred Compensation (457) Plan sponsored by the State of Montana. Upon request, MPERA will provide to the public a checklist of required and optional provisions…

2.43.5111 QUALIFIED DOMESTIC RELATIONS ORDERS – CONTENTS A QDRO must contain the following information: the name, current mailing address, date of birth, and social security number of the participant; the name, current mailing address, date of birth, and social security number of…

2.43.5112 QUALIFIED DOMESTIC RELATIONS ORDERS – APPROVAL AND IMPLEMENTATION A participant or alternate payee must submit a certified copy of a DRO to MPERA for board approval. The board may delegate authority for approval to the executive director. MPERA will notify the participa…

2.43.520 ELECTION FOR GUARANTEED ANNUAL BENEFIT ADJUSTMENT COVERAGE (GABA) (REPEALED) Authorizing statute(s): 19-2-403, 19-2-1101, 19-5-901, 19-6-710, 19-9-1009, 19-13-1010, MCA Implementing statute(s): 19-2-1101, 19-5-901, 19-5-902, 19-6-710, 19-6-711, 19-9-1009, 19-9-1010, 19-9…

2.43.601 ESTIMATES OF RETIREMENT BENEFITS (IS HEREBY REPEALED) Authorizing statute(s): Secs. 19-3-304, 19-5-201, 19-6-201, and 19-8-201 MCA Implementing statute(s): Secs. 19-3-304, 19-5-201, 19-6-201, and 19-8-201 MCA History: Eff. 12/31/72; REP, 1986 MAR p. 1454, Eff. 8/29/86.…

2.43.602 PAYMENT OF RETIREMENT BENEFITS (IS HEREBY REPEALED) Authorizing statute(s): Secs. 19-3-304, 19-5-201, 19-6-201, and 19-8-201 MCA Implementing statute(s): Secs. 19-3-304, 19-5-201, 19-6-201, and 19-8-201 MCA History: Eff. 12/31/72; REP, 1986 MAR p. 1454, Eff. 8/29/86.

2.43.605 DESIGNATION OF BENEFICIARY (REPEALED) Authorizing statute(s): 19-3-304, 19-5-201, 19-6-201, 19-7-201, 19-8-201, 19-9-201, 19-13-202, MCA Implementing statute(s): 19-3-1301, 19-5-602, 19-6-602, 19-7-602, 19-8-702, 19-9-912, 19-13-903, MCA History: NEW, 1986 MAR p. 1454, E…

2.43.606 CONVERSION OF OPTIONAL RETIREMENT (REPEALED) Authorizing statute(s): 19-2-403, 19-5-701, 19-7-1001, 19-8-801, MCA Implementing statute(s): 19-3-1501, MCA History: NEW, 1986 MAR p. 1454, Eff. 8/29/86; AMD, 1994 MAR p. 291, Eff. 2/11/94; AMD, 1995 MAR p. 1791, Eff. 9/15/95…

2.43.608 REDUCTION IN WORK FORCE (REPEALED) Authorizing statute(s): 19-2-403, 19-3-304, 19-5-201, 19-6-201, 19-7-201, 19-8-201, 19-9-201, 19-13-202, MCA Implementing statute(s): 19-3-703, 19-5-403, 19-6-403, 19-7-304, 19-8-503, 19-9-304, 19-9-602, 19-13-304, MCA History: NEW, 198…

2.43.609 POST-RETIREMENT ADJUSTMENT (REPEALED) Authorizing statute(s): 19-3-304, 19-7-201, 19-8-201, MCA Implementing statute(s): 19-3-1109, 19-3-1110, 19-3-1111, 19-7-708, 19-7-709, 19-7-710, 19-8-808, 19-8-809, 19-8-810, MCA History: NEW, 1990 MAR p. 1250, Eff. 7/1/90; AMD, 199…

2.43.610 MINIMUM BENEFIT ADJUSTMENT FOR RETIREES WITH PART-PAID FIREFIGHTER SERVICE (REPEALED) Authorizing statute(s): 19-13-202, MCA Implementing statute(s): 19-13-1007, 19-13-1009, MCA History: NEW, 1990 MAR p. 994A, Eff. 7/1/90; REP, 2008 MAR p. 2467, Eff. 12/1/08.

2.43.612 ELIGIBILITY FOR ANNUAL BENEFIT ADJUSTMENT (REPEALED) Authorizing statute(s): 19-3-304, 19-5-201, 19-6-201, 19-7-201, 19-8-201, 19-9-201, 19-12-203, 19-13-202, MCA Implementing statute(s): 19-15-102, MCA History: NEW, 1991 MAR p. 2402, Eff. 12/13/91; AMD, 1992 MAR p. 2721…

2.43.613 CALCULATION OF ANNUAL BENEFIT ADJUSTMENT (REPEALED) Authorizing statute(s): 19-3-304, 19-5-201, 19-6-201, 19-7-201, 19-8-201, 19-9-201, 19-12-203, 19-13-202, MCA Implementing statute(s): 19-15-102, MCA History: NEW, 1991 MAR p. 2402, Eff. 12/15/91; AMD, 1992 MAR p. 2721,…

2.43.614 ANNUAL CERTIFICATION OF PENSION PAYMENTS BY LOCAL POLICE AND FIRE PENSION PLANS (REPEALED) Authorizing statute(s): 19-15-101, MCA Implementing statute(s): 19-15-101, MCA History: NEW, 1991 MAR p. 2402, Eff. 12/15/91; AMD, 1992 MAR p. 2721, Eff. 12/25/92; REP, 1995 MAR p.…

2.43.701 POLITICAL SUBDIVISIONS ELIGIBLE FOR TERMINATION (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-301, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.702 INITIATION OF PROCEEDING (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-301, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.703 TRANSMISSION OF CERTIFIED COPY OF RESOLUTION (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-301, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.704 AUTHORIZATION OF REFERENDUM BY GOVERNOR (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-301, 19-1-302, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.705 NOTICE OF REFERENDUM (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-303, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.706 PROOF OF NOTICE (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-303, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.707 ELIGIBILITY TO VOTE IN REFERENDUM (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-301, 19-1-302, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.708 CERTIFICATE OF RESULTS OF REFERENDUM (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-302, 19-1-304, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.709 NOTICE OF TERMINATION OF COVERAGE (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-304, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.710 WITHDRAWAL OF NOTICE OF TERMINATION (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): 19-1-304, MCA History: NEW, Eff. 6/5/76; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.711 DEFINITIONS (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): Title 19, Ch. 1, MCA History: NEW, 1986 MAR p. 1454, Eff. 8/29/86; REP, 1999 MAR p. 1504, Eff. 7/2/99.

2.43.712 REQUIRED REPORTS (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): Title 19, Ch. 1, part 7, MCA History: NEW, 1986 MAR p. 1454, Eff. 8/29/86; REP, 1990 MAR p. 994A, Eff. 7/1/90.

2.43.713 COVERAGE PROCEDURES FOR POLITICAL SUBDIVISIONS NOT UNDER A RETIREMENT SYSTEM (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): Title 19, Ch. 1, parts 3, 5, MCA History: NEW, 1986 MAR p. 1454, Eff. 8/29/86; REP, 1999 MAR p. 1504, Eff. 7/2/99.

2.43.714 COVERAGE PROCEDURES FOR POLITICAL SUBDIVISIONS UNDER A RETIREMENT SYSTEM (REPEALED) Authorizing statute(s): 19-1-201, MCA Implementing statute(s): Title 19, Ch. 1, parts 3, 5, MCA History: NEW, 1986 MAR p. 1454, Eff. 8/29/86; REP, 1999 MAR p. 1504, Eff. 7/2/99.