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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) 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.
(2) If a nonvested member dies before reaching normal retirement age, the member's designated beneficiary is entitled to a lump-sum refund of the accumulated contributions standing to the member's credit at the time of the member's death.
Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-8-1003. Nonduty-related death of active member - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-code-ann-sect-19-8-1003/
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