19-2-1013. Compliance with federal restrictions on interest rate crediting, MCA

Montana Code Annotated 2019

TITLE 19. PUBLIC RETIREMENT SYSTEMS

CHAPTER 2. PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS

Part 10. Special Provisions

Compliance With Federal Restrictions On Interest Rate Crediting

19-2-1013. Compliance with federal restrictions on interest rate crediting. Interest credited on any refund of accumulated member contributions under a defined benefit plan subject to Title 19, chapter 2, must comply with any applicable provisions of the federal Age Discrimination in Employment Act, Public Law 90-202, and any applicable U.S. treasury regulations establishing market rates of return for purposes of complying with that federal act.

History: En. Sec. 10, Ch. 284, L. 2009.