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MT SB141
Bill
Status
5/23/2025
Primary Sponsor
Forrest Mandeville
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AI Summary
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New legislators first elected or appointed on or after July 1, 2025, who are not already members of a public retirement system must enroll in the Public Employees' Retirement System (PERS) defined contribution plan
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Legislators who are inactive or retired members of defined benefit retirement systems and first take office on or after July 1, 2025, may either return to their previous system or join the PERS defined contribution plan
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Current legislators and those taking office before June 30, 2025, retain existing options to participate in various public retirement systems
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Active members of public retirement systems who become legislators may continue participation in their current system by filing an irrevocable written election within 90 days of taking office
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Effective date: June 30, 2025
Legislative Description
Providing that the default retirement plan for legislators is the defined contribution plan through PERS
Legislature
Last Action
(S) Died in Process
5/23/2025