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Current as of January 01, 2024 | Updated by Findlaw Staff
The fund may not be used for any purpose other than investment, as provided in part 4 of this chapter, and the payment of the following:
(1) a service pension to a member who, by reason of service, has become entitled to a service pension;
(2) a pension to a member who has become permanently maimed or disabled;
(3) a benefit or allowance to a member who has suffered a permanent disabling injury;
(4) a benefit or allowance to a member who has contracted a permanent disabling sickness;
(5) a benefit, not exceeding $750, to defray the funeral expenses of a member;
(6) benefits to the surviving spouse, child, or children of a deceased member as provided in this chapter;
(7) premiums on a blanket policy of insurance covering the members of the fire department and providing for payment of compensation in case of the death of or injury to any such member;
(8) the return of employee contributions as provided in this chapter.
Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-18-203. Use of disability and pension fund - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-st-19-18-203/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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