Montana Title 19. Public Retirement Systems § 19-20-1008. Changes to beneficiary designations--limitations on changing spouse beneficiary interest

(2)(a) Except as provided in subsection (3), a member may change the member's beneficiary designation at any time by filing with the retirement system a new beneficiary designation record.

(b) The new beneficiary designation must meet all requirements specified in 19-20-1007 to be effective.

(c) A new effective beneficiary designation invalidates all prior beneficiary designations.

(3)(a) A member may not reduce or revoke the beneficiary interest of a designated beneficiary identified as the member's spouse if a divorce is pending, except with a signed and notarized waiver of beneficiary interest made by the spouse or pursuant to an order of the court in which the divorce is pending.

(b) If a change resulting in a reduction or revocation of a spouse beneficiary's interest is made by the member, the member shall establish the member's right to reduce or revoke the spouse beneficiary's interest by completing a certification of marital status.