1. MCA Contents
  2. TITLE 19
  3. CHAPTER 3
  4. Part 21
  5. 19-3-2133 Employee investment advisory council

Montana Code Annotated 2021

TITLE 19. PUBLIC RETIREMENT SYSTEMS

CHAPTER 3. PUBLIC EMPLOYEES' RETIREMENT SYSTEM

Part 21. Defined Contribution Plan

Employee Investment Advisory Council

19-3-2133. Employee investment advisory council. (1) The board shall create an employee investment advisory council. The advisory council shall meet at least four times a year to:

(a) advise the board concerning the operation of the defined contribution plan, including the selection of the initial investment alternatives to be provided pursuant to 19-3-2122;

(b) advise the board about negotiating, contracting, or modifying services for the state deferred compensation plan provided for in chapter 50; and

(c) review existing deferred compensation plans and to advise the board on the administration of the program.

(2) The advisory council is not subject to 2-15-122, except for payment of travel expenses.

History: En. Sec. 62, Ch. 471, L. 1999; amd. Sec. 30, Ch. 490, L. 2001; amd. Sec. 52, Ch. 429, L. 2003; amd. Sec. 18, Ch. 283, L. 2009; amd. Sec. 15, Ch. 178, L. 2013.