- (1) The death and disability benefits distributed by the Teachers' Retirement System will be limited by the incidental benefit rule set forth in IRC section 401(a)(9)(G) and Treasury Regulation section 1.401-1(b)(1)(i).
- (2) The total death or disability benefits payable may not exceed 25% of the cost for all of the members' benefits received from the Teachers' Retirement System.
Authorizing statute(s): 19-20-201, MCA
Implementing statute(s): 19-20-106, MCA
History: NEW, 2008 MAR p. 2619, Eff. 12/25/08.