Retirement system contributions -- benefit payments to individual DROP accounts -- investment returns
Known as the Municipal Police Officers' Retirement Act
The act spans §§ 19-9-1001 to 19-9-912 (92 sections).
En
(1) During a member's participation in the DROP, state contributions under 19-9-702, employer contributions under 19-9-703, and member contributions under 19-9-710 must continue to be made to the retirement system.
(2) For each DROP participant, the board shall calculate a monthly DROP accrual and the contribution to the participant's DROP account.
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.