2.43.2324 GUARANTEED ANNUAL BENEFIT ADJUSTMENT COVERAGE
(1) Defined benefit members who terminate covered employment, accept a refund of their accumulated contributions, and return to covered employment in the same system, will be eligible for the GABA provisions in effect at the time the member returns to covered employment.
(2) Purchase of the refunded time does not affect the member's new hire date. The member will remain eligible for the GABA provisions then in effect, not the GABA associated with the refunded time.
History: 19-2-403, MCA; IMP, 19-2-603, 19-3-1605, 19-6-712, 19-7-711, 19-8-1105, MCA; NEW, 2008 MAR p. 2467, Eff. 12/1/08; AMD, 2013 MAR p. 2238, Eff. 11/28/13