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2.43.408    CALCULATION OF SERVICE CREDIT ON TERMINATION OF EMPLOYMENT

(1) A member terminating employment shall not be granted service credit for lump sum payments of severance pay, including vacation, sick, or compensatory leave.

(2) A member who receives compensation in a month after termination of employment may elect to receive appropriate service credit for that month. No member can receive both service credit and a retirement benefit for the same month.

History: 19-2-403, MCA; IMP, 19-3-108, 19-6-101, 19-7-101, 19-8-101, 19-9-104, 19-13-104, MCA; NEW, 1986 MAR p. 1454, Eff. 8/29/86; AMD, 1994 MAR p. 291, Eff. 2/11/94; AMD, 2001 MAR p. 1834, Eff. 9/30/01.
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