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MT HB51
Bill
Status
Failed
5/20/2025
Primary Sponsor
Eric Matthews
Click for details
AI Summary
- Increases the Montana University System Retirement Program supplemental employer contribution rate from 4.72% to 14.21% of total compensation for participating employees
- Contributions are paid to the Teachers' Retirement System to amortize past service liability for university system members
- Target date for full amortization of the past service liability remains July 1, 2033
- Teachers' Retirement Board must periodically review the rate and recommend adjustments to the legislature as needed
- Effective date is July 1, 2025
Legislative Description
Increase MUS-RP supplemental contribution to TRS
Retirement
Last Action
(H) Died in Process
5/20/2025
Committee Referrals
Education12/20/2024
Full Bill Text
No bill text available