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Current as of January 01, 2024 | Updated by Findlaw Staff
After termination from service and upon application for service retirement, the service retirement benefit must be as follows:
(1) for members not covered under 19-5-901 or 19-5-902, 3 1/3 % a year of the member's current salary for the first 15 years of service credit and 1.785% a year for each year of service credit after 15 years; or
(2) for members covered under 19-5-901 or 19-5-902, the benefit provided under subsection (1) except that the benefit must be calculated using highest average compensation.
Cite this article: FindLaw.com - Montana Title 19. Public Retirement Systems § 19-5-502. Service retirement benefit - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-19-public-retirement-systems/mt-st-19-5-502/
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