{"data":{"id":"us-mt/19-18-503","jurisdiction":"us-mt","citation":"19-18-503","heading":"Fund to be soundly funded.","body":"(1) Each disability and pension fund must be soundly funded at fiscal yearend. The fund is soundly funded if, subject to subsection (2):\n(a) assets in the fund are maintained at a level equal to at least three times but no more than five times the benefits paid by the fund in the previous or current fiscal year, whichever is greater; or\n(b) funding is maintained at a level determined by an actuarial valuation to be sufficient to keep the fund actuarially sound.\n(2) An actuarial valuation may be requested only by a city, town, or association.","path":["TITLE 19. PUBLIC RETIREMENT SYSTEMS","CHAPTER 18. FIREFIGHTERS' RETIREMENT","Part 5. Contributions to Fund"],"source_url":"https://mca.legmt.gov/bills/mca/title_0190/chapter_0180/part_0050/section_0030/0190-0180-0050-0030.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:06Z","sha256":"7c448ff860b8b632852aeb3ce2b3b175db8067f9bc9d172e426f082de96fcb5c","source_id":"us-mt","stale":false,"prev":"us-mt/19-18-502","next":"us-mt/19-18-504"},"notice":"GroundRules: Original legal text. Not legal advice."}