State of Montana General Purpose Financial Statements : Financial Audit for the Fiscal Year Ended June.. 2002
The book State of Montana General Purpose Financial Statements : Financial Audit for the Fiscal Year Ended June.. 2002 was written by author Montana. Legislature. Legislative Audit Division Here you can read free online of State of Montana General Purpose Financial Statements : Financial Audit for the Fiscal Year Ended June.. 2002 book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is State of Montana General Purpose Financial Statements : Financial Audit for the Fiscal Year Ended June.. 2002 a good or bad book?
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The Deferred Compensation plan is a voluntary, tax-deferred retirement plan designed to supplement State Sen/ice Retirement, Social Secuhty and other retirement plans and savings. The State of Montana has offered this plan since 1976. Internal Revenue Service Code (Section 457) and MCA (Title 19, chapter 50) govern the plan. Assets of the deferred compensation plan are required to be held in trusts, custodial accounts or insurance company contracts for the exclusive benefit of participants and ...their beneficiaries. All employees of the State, including the Montana University System and contracting agencies, are eligible to participate. The compensation deferred is not available to employees until separation from service, retirement, death, or upon an unforeseeable emergency, when still employed and meeting IRS specified critena Participating employees are able to direct their deferrals into two primary investment options; (1) a "fixed" or stable value option which guarantees both pnncipal (the payroll deferrals) and a quarterly rate of earnings; and (2) a "vanable" option which currently consists of twenty-three mutual funds, and five lifestyle/profile funds.
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