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Rule: 2.21.1939 Prev     Up     Next    
Rule Title: PARTICIPATION
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Department: ADMINISTRATION
Chapter: STATE HUMAN RESOURCES DIVISION
Subchapter: Montana VEBA HRA
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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2.21.1939    PARTICIPATION

(1) A member is a participant of the Montana VEBA HRA at the time the member separates from service, submits a signed and completed enrollment form to the department or administrator, as applicable, and the contracting employer makes a contribution to the participant's account. 

(2) If a member dies as an active employee, all accrued leave benefits must be paid as taxable income. The member is not a participant.

(3) Each participant may direct the investment of funds in the participant's account among the investment vehicles offered. The department shall identify a default investment vehicle for a participant who fails to select an investment vehicle.

(4) Participants may make investment changes on a monthly basis.

(5) A participant account closes when the balance of the account is zero.

 

History: 2-18-1305, MCA; IMP, 2-18-1304, MCA; NEW, 2005 MAR p. 911, Eff. 4/29/05; AMD, 2013 MAR p. 1083, Eff. 6/21/13; AMD, 2019 MAR p. 2011, Eff. 11/9/19.


 

 
MAR Notices Effective From Effective To History Notes
2-21-584 11/9/2019 Current History: 2-18-1305, MCA; IMP, 2-18-1304, MCA; NEW, 2005 MAR p. 911, Eff. 4/29/05; AMD, 2013 MAR p. 1083, Eff. 6/21/13; AMD, 2019 MAR p. 2011, Eff. 11/9/19.
2-21-473 6/21/2013 11/9/2019 History: 2-18-1305, MCA; IMP, 2-18-1302, MCA; NEW, 2005 MAR p. 911, Eff. 4/29/05; AMD, 2013 MAR p. 1083, Eff. 6/21/13.
4/29/2005 6/21/2013 History: 2-18-1305, MCA; IMP, 2-18-1302, MCA; NEW, 2005 MAR p. 911, Eff. 4/29/05.
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