Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2005
Report to the Legislature : Financial Audit for the Fiscal Year Ended June 30, ..., Montana State University 2005
Montana. Legislature. Legislative Audit Division
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Actuarially reduced benefits may be taken with 25 years of service or at age 50 with at least 5 years of service. Monthly retirement benefits are determined by multiplying 1/56 by the number of years of service by the final average salary, unless the employee has 25 or more years of service, in which case the multiplier is 1/50. Members' rights become vested after 5 years of service. Additional information or a separate financial statement can be obtained from the State of Montana, Department o...f Administration, Public Employees' Retirement Administration, P.O. Box 200131, Helena, MT 59620-0131. GWPORS - This retirement system was established in 1963 and is governed by Title 19, Chapter 8, MCA, to provide retirement services for all persons employed as game wardens and peace officers. Effective July 1, 1997, this system became the mandatory system for campus security officers employed by the Montana University System, unless they already held membership in another State retirement system.
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