# Mont. Code Ann. § 19-20-106: 19-20-106 Retaining qualified plan status -- board rulemaking authority

> Montana · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-106

## Section

- **Citation:** Mont. Code Ann. § 19-20-106
- **Heading:** 19-20-106 Retaining qualified plan status -- board rulemaking authority
- **Jurisdiction:** Montana
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** MT Code / Title 19 / Chapter 20 / Part 1 / Section 19-20-106

## Text

19-20-106 . Retaining qualified plan status -- board rulemaking authority. (1) The board shall administer the plan in the manner required to satisfy the applicable qualification requirements for a qualified governmental plan, as specified in the Internal Revenue Code. If a provision in this chapter conflicts with a qualification requirement in section 401 of the Internal Revenue Code applicable to public retirement systems or with the plan's status as a qualified governmental plan under section 414(d) of the Internal Revenue Code and consequent federal administrative regulations, the provision is either ineffective or must be interpreted to conform to the federal qualification requirements and allow the plan to retain tax-deferred status. The board may adopt rules to implement this section.

(2) For the purpose of section 401(a) of the Internal Revenue Code, the plan document for the retirement plan is composed of the applicable provisions of the Montana constitution, this chapter, and applicable rules adopted by the board.

## Nearby sections

- [Mont. Code Ann. § 19-20-101 19-20-101 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-101.md)
- [Mont. Code Ann. § 19-20-102 19-20-102 Retirement system -- policy](https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-102.md)
- [Mont. Code Ann. § 19-20-103 19-20-103 Implied consent of employee](https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-103.md)
- [Mont. Code Ann. § 19-20-104 19-20-104 Guarantee by state](https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-104.md)
- [Mont. Code Ann. § 19-20-105 19-20-105 Penalty for fraud](https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-105.md)
- [Mont. Code Ann. § 19-20-106 19-20-106 Retaining qualified plan status -- board rulemaking authority](https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-106.md)
- [Mont. Code Ann. § 19-20-111 19-20-111 Teachers' retirement system benefit policy statement](https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-111.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MT_T19_C20_P1_S19-20-106. Check the current official text before relying on it. Not legal advice.