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Current as of January 01, 2024 | Updated by Findlaw Staff
As used in this part, the following definitions apply:
(1) “Amount owed” means the total amount of overpaid benefits or unpaid contributions plus accrued interest as provided in 19-20-1206 and costs and fees awarded as provided in 19-20-1214.
(2) “Benefit recipient” means a benefit recipient as defined in 19-20-101, an alternate payee, or any other person or entity that is entitled to a future payment or that received an overpayment on behalf of the member.
(3) “Error” means any of the following, whether or not intended, that has resulted in or may result in the retirement system paying more or less on behalf of a member than is authorized to be paid or in the retirement system receiving more or less in contributions than is required to be paid to the retirement system pursuant to plan terms:
(a) a clerical mistake;
(b) a failure to fully and correctly perform a required act or provide required information;
(c) an assertion or other representation of fact or circumstance that is not complete and accurate; or
(d) an incorrect understanding, construction, or application of plan terms or other applicable law or policy.
(4) “Overpaid benefits” or “overpayment” means the total amount of all monthly retirement benefits or other amounts paid by the retirement system on behalf of a member due to an error.
(5) “Unpaid contributions” means the total amount of all monthly contributions or other contribution amounts not received by the retirement system due to an error.
Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-20-1201. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-st-19-20-1201/
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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