19-20-703. Payments to be monthly. (1) All retirement allowances must be paid in equal monthly installments.
     (2) The retirement allowance may commence:
     (a) no earlier than the first day of the month following the member's termination date or on the first day of the month following the date when the member first becomes eligible, whichever date is later; or
     (b) if requested by the inactive member in writing:
     (i) on the first day of a later month; or
     (ii) on the first day of the month following the member's 60th birthday.

     History: En. 75-6201 by Sec. 96, Ch. 5, L. 1971; amd. Sec. 21, Ch. 326, L. 1974; amd. Sec. 1, Ch. 26, L. 1975; amd. Sec. 1, Ch. 127, L. 1977; amd. Sec. 1, Ch. 331, L. 1977; R.C.M. 1947, 75-6201(part); Sec. 19-4-703, MCA 1991; redes. 19-20-703 by Code Commissioner, 1993; amd. Sec. 16, Ch. 442, L. 1997.