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Committee reviews technical changes to Teachers Retirement System, board seeks "do pass"
Summary
Representative Marta Bertoglio presented HB 67, a Teachers Retirement System housekeeping bill that clarifies what pay and positions must be reported to TRS and updates federal required minimum distribution ages.
Representative Marta Bertoglio opened the hearing on House Bill 67, a technical and compliance bill requested by the Teachers Retirement Board that makes multiple clarifications to TRS statute and incorporates recent federal changes to required minimum distributions.
Sean Graham, executive director of the Montana Teachers Retirement System, described the bill as the biennial "housekeeping" package. Key provisions explained to the committee include: clarifying that extra duty pay (for example, playground or lunch supervision) should be reported to TRS when paid to employees who otherwise qualify as TRS members; defining "educational services capacity" in…
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