Annual Financial Report 1993
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In our eReader you can find the full English version of the book. Read Annual Financial Report 1993 Online - link to read the book on full screen. Our eReader also allows you to upload and read Pdf, Txt, ePub and fb2 books. In the Mini eReder on the page below you can quickly view all pages of the book - Read Book Annual Financial Report 1993
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The 1991 Montana Legislature enacted Senate Bill 226 which made all pension benefits subject to state taxes and provided for an annual benefit adjustment payment to be made to all benefit recipients who reside in Montana. During fiscal year 1993, eligible recipients received a one-time payment equal to 3.49% of their gross benefits for calendar year 1992.
REFUND OF CONTRIBUTIONS If an employee leaves covered employment before accumulating five years of membership service, employee contributions... plus accrued interest earnings may be refunded to the employee. If the member returns to service and repays the withdrawn contributions plus the interest the contributions would have earned had they remained on deposit, membership service is fully restored.
FUNDING REQUIREMENTS A. MEMBER CONTRIBUTIONS Member contribution rates for fiscal year 1993 were set by statue at 7% of monthly compensation and are deducted from each member's salary and remitted by the employer. An individual account is established for each member's contributions and interest allocations until a retirement or refund request is processed.
What to read after Annual Financial Report 1993?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
The 1991 Montana Legislature enacted Senate Bill 226 which made all pension benefits subject to state taxes and provided for an annual benefit adjustment payment to be made to all benefit recipients who reside in Montana. During fiscal year 1993, eligible recipients received a one-time payment equal to 3.49% of their gross benefits for calendar year 1992.
REFUND OF CONTRIBUTIONS If an employee leaves covered employment before accumulating five years of membership service, employee contributions... plus accrued interest earnings may be refunded to the employee. If the member returns to service and repays the withdrawn contributions plus the interest the contributions would have earned had they remained on deposit, membership service is fully restored.
FUNDING REQUIREMENTS A. MEMBER CONTRIBUTIONS Member contribution rates for fiscal year 1993 were set by statue at 7% of monthly compensation and are deducted from each member's salary and remitted by the employer. An individual account is established for each member's contributions and interest allocations until a retirement or refund request is processed.
What to read after Annual Financial Report 1993?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement Board to read onlineMoreLess
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