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The FURS is a multiple-employer,
cost-sharing defined benefit plan established in 1981, and governed by
Title 19, chapters
2 &
13, MCA. This system provides retirement benefits
to firefighters employed by first and second-class cities and other
cities that adopt the plan and to firefighters hired by the Montana Air
National Guard on or after October 1, 2001. Benefits are established by
state law and can only be amended by the Legislature. The FURS provides
retirement, disability and death benefits to plan members and their
beneficiaries. Benefits are based on eligibility, years of service and
compensation. Member rights are vested after five years of service.
More information on FURS can be found at the
Montana State Firemen's Association
website.
The PERS-DBRP is a multiple-employer, cost-sharing plan established July
1, 1945, and governed by Title
19, chapters
2 &
3, Montana Code
Annotated (MCA). This plan covers the State, university system, local
governments and certain employees of the school districts. The PERS-DBRP
provides retirement, disability and death benefits to plan members and
their beneficiaries. Benefits are established by state law and can only
be amended by the Legislature. Benefits are based on eligibility, years
of service and highest average compensation. Member rights are vested
after five years of service.
The PERS-DCRP is a multiple employer plan established July 1, 2002
and governed by Title
19, chapters
2 &
3, MCA. This plan covers eligible
employees of the State, university system, local government and certain
employees of the school districts that elect the defined contribution
plan. All new hires, initially, are members of the PERS-DBRP. New hires
have a 12-month window during which they may choose to transfer to the
PERS-DCRP or remain in the PERS-DBRP. Members may not be members of both
the defined contribution and defined benefit retirement plans. The
choice is irrevocable. The PERS-DCRP provides retirement, disability and
death benefits to plan members and their beneficiaries. Contribution
rates can only be amended by the Legislature. Benefits are based on
eligibility and account balance.
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