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Current as of January 01, 2024 | Updated by Findlaw Staff
(1) Upon retirement for disability, a member must receive a disability retirement allowance equal to the greater of:
(a) one-sixtieth of the member's average final compensation multiplied by the sum of the number of years of creditable service, including service transferred under 19-20-409; or
(b) one-fourth of the member's average final compensation.
(2) The earned compensation in the year of termination that is included in the calculation of average final compensation of a member who is awarded a disability retirement allowance prior to the completion of a full year is the compensation, pay, or salary that the member would have received under the member's contract had the member completed the full year. Any termination pay received by the member is limited to the amount actually paid and is not the amount that the member would have earned had the member completed the full year.
Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-20-902. Allowance for disability retirement - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-st-19-20-902/
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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