19-6-803. Application to purchase law enforcement service performed in another state. (1) Subject to 19-6-805, a member with at least 5 years of service credit may, at any time before retirement, file a written application with the board to purchase 1 year of out-of-state law enforcement employment for each year of service credit, unless the member is eligible to receive a retirement benefit in another system or plan for that same service.
(2) To purchase this service, a member shall pay the actuarial cost of the service in the retirement system, as determined by the board, based on:
(a) the member's compensation for the 12 months immediately preceding the date of the member's election to cover the service under the retirement system; and
(b) the actuarial rate in effect at the time of purchase of service.
(3) Service purchased under this section may not be used to qualify a member to purchase military service under 19-6-801.
(4) Service purchased under this section may not be used in calculating a member's retirement benefit unless the last 5 years of service credit were earned under the retirement system. If, upon retirement, a member's purchased service may not be used in calculating the member's retirement benefit, the member must receive a refund of the amount paid by the member to purchase the service, plus regular interest on that amount.
History: En. Sec. 1, Ch. 142, L. 1991; amd. Sec. 120, Ch. 265, L. 1993; Sec. 19-6-306, MCA 1991; redes. 19-6-803 by Code Commissioner, 1993; amd. Sec. 29, Ch. 58, L. 1999; amd. Sec. 54, Ch. 562, L. 1999; amd. Sec. 63, Ch. 99, L. 2001.