{"data":{"id":"us-mt/19-2-902","jurisdiction":"us-mt","citation":"19-2-902","heading":"Payment of benefits.","body":"(1) A retirement benefit or survivorship benefit granted under a retirement system subject to this chapter, other than a benefit under the defined contribution plan, must be payable in monthly installments, except as provided in this part.\n(2) (a) If a member or beneficiary who is a natural person elects, the board shall pay the member's accumulated contributions to the member or beneficiary in a single lump sum.\n(b) The lump sum must be paid at the time the initial monthly benefit would otherwise be payable.\n(c) An election to receive a single lump sum must be made at least 30 days prior to the first payment date.\n(3) A beneficiary that is a charitable organization, the estate of the payment recipient, or a trust is eligible only for a single lump sum.\n(4) If a benefit recipient dies before the last day of the month, a pro rata amount otherwise payable to the payment recipient must be paid to the designated beneficiary, statutory beneficiary, or contingent annuitant or to the benefit recipient's estate, as appropriate.","path":["TITLE 19. PUBLIC RETIREMENT SYSTEMS","CHAPTER 2. PUBLIC EMPLOYEES' RETIREMENT GENERAL PROVISIONS","Part 9. Management of Benefit Payments"],"source_url":"https://mca.legmt.gov/bills/mca/title_0190/chapter_0020/part_0090/section_0020/0190-0020-0090-0020.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:48:44Z","sha256":"a9435e8d85aad0e3924ef410245adb563541d7c11bd0a58589e25657341d566e","source_id":"us-mt","stale":false,"prev":"us-mt/19-2-901","next":"us-mt/19-2-903"},"notice":"GroundRules: Original legal text. Not legal advice."}