Comprehensive Annual Financial Report 2002

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This benefit is in accordance with MCA 19-3-1606.
Montana PERB's Comprehensive Annual Financial Report 47 FINANCIAL SECTION Public Employees ' Retirement System-Education Eund Education will be provided to the members of PERS-DBRP and PERS-DCRP as governed by section 19-3-112, MCA. The education will be presented with impartial and balanced information about plan choices, investments and retirement planning. The education pro- gram will consist of three primary compo- nents: 1 ) initial transfe
...r education - for all active members on the July 1, 2002. plan start date; 2) ongoing transfer education - for new hire members after the July 1 , 2002 plan start date; and 3) ongoing investment/retirement planning education - for all active members.
The education program is funded by 0.1% of PERS-covered payroll for fiscal years 2000, 2001 and 2002. Beginning with fiscal year 2003, 0.04% of PERS-covered payroll will be used to fund education.
Municipal Police Officers ' Retirement System Plan Description.


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