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COMPENSATION ACT APPLICATION for SERVICE MPERA Mpera Mt Form
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People also ask
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What is the phone number for the state of Montana?
MONTANA STATE GOVERNMENT TELEPHONE DIRECTORY Contact the General Information line at 406-444-2511 with any questions. -
What is the pers percentage in Montana?
Contributions. Both you and your employer will make regular contributions to your individual account. Effective July 1, 2023, total contributions to your individual account will be 16.63%. -
How do I contact Mpera?
If you have additional questions, please contact MPERA call 1-877-275-7372 or 406-444-3154. -
How much is pers contribution in Montana?
Member Contributions You contribute 7.9% of your compensation to your individual account. Your 7.9% contribution is calculated based on your gross compensation, before any pretax deductions. This means your contributions are made on a pre-tax basis and grow tax deferred until you withdraw the funds. -
What is the retirement age in Montana?
The full retirement age is 67 if you were born in 1960 or later. If you were born before 1960, your retirement age will be reduced depending on the year in which you were born. -
What is the earliest you can retire with pers?
-Retire with full benefits at age 55 if age plus contributing service equals 80 or more. (Known as the Rule of 80). -Retire with full benefits at age 60 if he or she has 5 or more years of contributing service. -Retire at age 55 with reduced benefits if he or she has 10 or more years of service. -
How does Montana pers work?
PERS is a defined benefit retirement system. The monthly benefit you receive upon retirement is based on your years of service and your highest average compensation. Benefits and contributions are set by law, and protected by the Montana Constitution and only the Legislature may change them. -
Does Montana have pers?
The Public Employee Retirement System (PERS) provides retirement, disability and death benefits to employees of the State of Montana, the Montana University System, local governments and school districts. -
What is the retirement age for pers in Montana?
To qualify for a service retirement, you must meet the following age or service requirements: Age 60 with at least five years membership service; Attain age 65 while employed; regardless of years of membership service. 30 years of membership service at any age. -
How does Montana pers work?
PERS is a defined benefit retirement system. The monthly benefit you receive upon retirement is based on your years of service and your highest average compensation. Benefits and contributions are set by law, and protected by the Montana Constitution and only the Legislature may change them.
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