BEFORE THE TEACHERS' RETIREMENT BOARD

OF THE STATE OF MONTANA

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TO: All Concerned Persons

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1. On October 25, 2007, the Teachers' Retirement Board published MAR Notice No. 2-44-393 pertaining to the proposed amendment and repeal of the above-stated rules at page 1558 of the 2007 Montana Administrative Register, Issue Number 20. On December 20, 2007, the department published the notice of amendment and repeal at page 2121 of the 2007 Montana Administrative Register, Issue Number 24.

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2. The board made several clerical errors in MAR Notice No. 2-44-393. The first error pertained to ARM 2.44.412. This rule was missing the words "NATIONAL GUARD, RESERVISTS, AND" in the beginning of the catchphrase. Also, "National Guard, reservists, and" needed to be inserted in (2). The second error pertained to the failure to underline new material contained within the notice of the proposed amendment. In particular, 19-20-414, 19-20-416, 19-20-417, 19-20-426, 19-20-427, MCA, were not underlined as implemented by ARM 2.44.414. The rules, as amended in corrected form, read as follows, deleted material interlined, new matter underlined.

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2.44.412 NATIONAL GUARD, RESERVISTS, AND VETERANS CALLED TO ACTIVE DUTY (1) remains as amended.

(2) Reemployed National Guard, reservists, and veterans may elect to purchase creditable service for their military leave to be used in the calculation of retirement benefits. The cost to purchase this service shall be equal to the employee contributions that would have been made had they not been called to active duty. Interest accruing on the balance due to purchase active duty service will not be levied during the five years following the date of reemployment. If payment is not completed within five years following reemployment, interest will be assessed as provided under ARM 2.44.405.

(3) and (4) remain as amended.

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AUTH: 19-20-201, MCA

IMP: 19-20-415, MCA

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2.44.414 INSTALLMENT PURCHASE (1) remains as amended.

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AUTH: 19-20-201, MCA

IMP: 19-20-401, 19-20-402, 19-20-403, 19-20-404, 19-20-405, 19-20-406, 19-20-407, 19-20-408, 19-20-409, 19-20-410, 19-20-411, 19-20-414, 19-20-415, 19-20-416, 19-20-417, 19-20-426, 19-20-427, MCA

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3. The replacement pages for this corrected notice were submitted to the Secretary of State on December 31, 2007.

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/s/ Dal Smilie�������������������������/s/ David L. Senn

Dal Smilie������������������������������David L. Senn

Rule Reviewer������������������������Executive Director

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Certified to the Secretary of State January 7, 2008.