Teachers' Retirement Division, Department of Administration Financial-Compliance Audit for the Two Fiscal Years Ended June 30 .. 1998
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To quickly assess the difficulty of the text, read a short excerpt:
chapter 20, of the MCA.
At June 30, 1998. the number and type of employers participating in the system was as follows: Local School Districts 396 Community Colleges 3 University System Units 6 Colleges of Technology 3 State Agencies 6 TOTAL 414 At June 30, 1998, the system membership consisted of the following: Retirees and Beneficiaries Currently Receiving Benefits 8.088 Terminated Employees Entitled to But Not Yet Receiving Benefits 9,240 Current Members: Vested 12.038 Nonvested 6,167 Total M...embership 35,533 Page A-8 The pension plan provides retirement benefits and death and disability benefits. Employees with a minimum of 25 years of service or who have reached age 60 with 5 years of service are eligible to receive an annual retirement benefit equal to 1 .6667% times creditable service years times the average final compensation. Final compensation is the average of the highest three consecutive years of earned compensation. Benefits fully vest after 5 years of creditable service. Vested employees may retire at or after age 50 and receive reduced retirement benefits.
What to read after Teachers' Retirement Division, Department of Administration Financial-Compliance Audit for the Two Fiscal Years Ended June 30 .. 1998?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
chapter 20, of the MCA.
At June 30, 1998. the number and type of employers participating in the system was as follows: Local School Districts 396 Community Colleges 3 University System Units 6 Colleges of Technology 3 State Agencies 6 TOTAL 414 At June 30, 1998, the system membership consisted of the following: Retirees and Beneficiaries Currently Receiving Benefits 8.088 Terminated Employees Entitled to But Not Yet Receiving Benefits 9,240 Current Members: Vested 12.038 Nonvested 6,167 Total M...embership 35,533 Page A-8 The pension plan provides retirement benefits and death and disability benefits. Employees with a minimum of 25 years of service or who have reached age 60 with 5 years of service are eligible to receive an annual retirement benefit equal to 1 .6667% times creditable service years times the average final compensation. Final compensation is the average of the highest three consecutive years of earned compensation. Benefits fully vest after 5 years of creditable service. Vested employees may retire at or after age 50 and receive reduced retirement benefits.
What to read after Teachers' Retirement Division, Department of Administration Financial-Compliance Audit for the Two Fiscal Years Ended June 30 .. 1998?
You can find similar books in the "Read Also" column, or choose other free books by Montana. Legislature. Legislative Audit Division to read onlineMoreLess
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