ARM 2.43.2109

ARM 2.43.2109. RECEIPT OF SERVICE CREDIT ON OR AFTER TERMINATION OF EMPLOYMENT

SupersededLast amended: 2011Length: 61 wordsOfficial source

Cite as Mont. Admin. R. 2.43.2109

(1) A member terminating employment shall receive service credit for lump sum payments of severance pay or paid leave, including banked holiday time, vacation, personal, sick, or compensatory leave, received in the month following termination of employment unless the member elects to retire effective that month. No member can receive both service credit and a retirement benefit for the same month.
ARM 2.43.2109: ARM 2.43.2109. RECEIPT OF SERVICE CREDIT ON OR AFTER TERMINATION OF EMPLOYMENT | Justis AI