{"data":{"id":"us-mt/19-20-804","jurisdiction":"us-mt","citation":"19-20-804","heading":"Allowance for service retirement -- professional retirement option allowance -- creditable service limitation.","body":"(1) Upon termination, a tier one or tier two member who qualifies for benefits pursuant to 19-20-801(1) or (2) must receive a retirement allowance equal to one-sixtieth of the member's average final compensation, as limited by 19-20-715, multiplied by the sum of the number of years of creditable service.\n(2) (a) Upon termination, a tier two member who qualifies for benefits pursuant to 19-20-801(3) must receive a professional retirement option allowance equal to 1.85% of the member's final average compensation, as limited by 19-20-715, multiplied by the sum of the member's years of creditable service.\n(b) For the purpose of calculating the professional retirement option, creditable service does not include:\n(i) service credited before the member became a tier two member even if the member redeposits the member's withdrawn contributions pursuant to 19-20-427; or\n(ii) service credit transferred under 19-20-409.","path":["TITLE 19. PUBLIC RETIREMENT SYSTEMS","CHAPTER 20. TEACHERS' RETIREMENT","Part 8. Superannuation Retirement"],"source_url":"https://mca.legmt.gov/bills/mca/title_0190/chapter_0200/part_0080/section_0040/0190-0200-0080-0040.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:49:09Z","sha256":"5255d59a2fffdd5d16866230aff929488703aaf195b5d19effd4acc486094548","source_id":"us-mt","stale":false,"prev":"us-mt/19-20-803","next":"us-mt/19-20-805"},"notice":"GroundRules: Original legal text. Not legal advice."}