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Current as of January 01, 2024 | Updated by Findlaw Staff
It is the intent of the legislature that, in implementing and administering the defined contribution plan:
(1) changes to current administrative processes and the impact of those changes on employers be minimized to the extent possible;
(2) the administrative structure for the plan be configured in an economical and efficient manner;
(3) administration and services for the plan be contracted out to the extent possible, but that the board provide for the diligent oversight of the contracts;
(4) reasonable member services be provided for and that fees be commensurate with the services;
(5) lines of communication and responsibilities be clearly established so that employers or their personnel and payroll officers do not advise members about plan choices or investment alternatives; and
(6) employers be encouraged to provide paid time for members to attend educational programs sponsored by the board pursuant to 19-3-112.
Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-3-2103. Legislative intent - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-st-19-3-2103/
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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