Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate Bill 56 would add modest employer contributions to shore up four public pension systems, PERA supports bill
Summary
Senate Bill 56 would extend and increase supplemental employer contribution rates by 0.1 percentage point annually for 10 years across PERS and three public‑safety systems; PERA and investment officials said the change shortens amortization schedules and strengthens actuarial soundness.
Senator Mike Cuff presented Senate Bill 56 to the State Administration and Veterans Affairs Committee as a pension funding measure that incrementally increases employer contribution rates to improve funding and shorten amortization schedules for several Montana retirement systems.
The bill would extend and increase a supplemental employer contribution by 0.1% per year for ten years beginning fiscal year 2026 for the Public Employees’ Retirement System (PERS) and add comparable increases for the Highway Patrol Officers Retirement System (HPORS),…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat