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MT SB419
Bill
AI Summary
- Amends Section 19-3-521, MCA to clarify that legislative members begin receiving membership service and service credit starting from the date they assume office
- Service credit accrues for the portion of each year for which the member pays regular contributions
- Retirement benefit calculations use plan provisions applicable to the earliest period for which the member paid required contributions or purchased service credit, but no earlier than the date the member assumed office
- Exception applies for members with prior nonlegislative, covered employment, who may have different benefit calculation rules apply
- Effective date: July 1, 2025
Legislative Description
Revising pension laws related to service credit for legislative members
Legislature
Last Action
(S) Died in Process
5/23/2025
Committee Referrals
State Administration2/24/2025
Full Bill Text
No bill text available