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2.43.1032    CREDITING OF INDIVIDUAL ACCOUNTS

(1) MPERA will transfer a Defined Contribution Retirement Plan (DCRP) participant's statutorily required employee and employer contributions to the DCRP recordkeeper within two working days after receipt in good order of each reporting agency's contribution report and contributions.

(2) The DCRP recordkeeper will credit individual accounts and transfer contributions to a DCRP participant's selected investment option(s) within two working days after receipt of contributions from the MPERA.

History: 19-2-403, 19-3-2104, MCA; IMP, 19-3-2117, MCA; NEW, 2002 MAR p. 1884, Eff. 7/12/02.
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