General Information Relating to Public Employees' Retirement System of Montana : a Brief Explanation of the Provisions of the Public Employees' Retirement Act 1952
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O- May an employee who becomes a member later withdraw from the Re- tirement System?
A. No. Once an employee becomes a member he must remain a mem- ber unless he changes employment and becomes an elective officer or direct appointee of the Governor of Montana.
6. 0- When may contributions to the retirement system be withdrawn?
A. An application for refund of a member's contributions can be made only after his or her termination of service and full payment can be made only upon receipt of a memb...er's contributions.
—10— 7. Q. What amount of a member's contributions may be refunded?
A. A member with less than ten (10) years of creditable service may withdraw 90% of his contributions without interest; a member with ten (10) years or more of service may withdraw 100% of his con- tributions without interest. Either of these withdrawals forfeits all rights a member has in the retirement system.
8. Q. What benefit is gained by re-depositing a withdrawn contribution when a member re-enters public service?
What to read after General Information Relating to Public Employees' Retirement System of Montana : a Brief Explanation of the Provisions of the Public Employees' Retirement Act 1952?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement System to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
O- May an employee who becomes a member later withdraw from the Re- tirement System?
A. No. Once an employee becomes a member he must remain a mem- ber unless he changes employment and becomes an elective officer or direct appointee of the Governor of Montana.
6. 0- When may contributions to the retirement system be withdrawn?
A. An application for refund of a member's contributions can be made only after his or her termination of service and full payment can be made only upon receipt of a memb...er's contributions.
—10— 7. Q. What amount of a member's contributions may be refunded?
A. A member with less than ten (10) years of creditable service may withdraw 90% of his contributions without interest; a member with ten (10) years or more of service may withdraw 100% of his con- tributions without interest. Either of these withdrawals forfeits all rights a member has in the retirement system.
8. Q. What benefit is gained by re-depositing a withdrawn contribution when a member re-enters public service?
What to read after General Information Relating to Public Employees' Retirement System of Montana : a Brief Explanation of the Provisions of the Public Employees' Retirement Act 1952?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Public Employees' Retirement System to read onlineMoreLess
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