Deferred retirement option plan established -- compliance with federal law -- rulemaking
Known as the Municipal Police Officers' Retirement Act
The act spans §§ 19–19 (92 sections).
En
(1) The board shall establish a DROP for eligible members of the retirement system who elect to participate.
(2) The board shall administer the DROP in compliance with the Internal Revenue Code and the applicable rules, regulations, and determinations of the internal revenue service.
(3) The board may adopt rules to administer this part.
Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.