SB122 is a bill in the Montana Legislature (2025 Regular Session): Revising the actuarially determined employer contribution rate and setting a minimum contribution rate.

What is the status of SB122?

Failed as of May 23, 2025. Latest action: (S) Died in Process (May 23, 2025).

Where is the official record for SB122?

On the Montana Legislature website: https://bills.legmt.gov/#/laws/bill/2/LC0020

Montana legislation · 2025 Regular Session

Montana SB122: Revising the actuarially determined employer contribution rate and setting a minimum contribution rate

Q: What does SB122 do?

In its own words: A bill for an act entitled: "an act revising the actuarially determined employer contribution rate for the highway patrol officers' retirement system, the sheriffs' retirement system, and the game wardens' and peace officers' retirement system; adding a minimum rate for the actuarially determined employer contribution rate; adding a maximum annual decrease to the actuarially determined employer contribution rate; amending sections 19-6-404, 19-7-404, and 19-8-504, mca; and providing an effective date.".

Status: Failed, May 23, 2025

What the bill says

A bill for an act entitled: "an act revising the actuarially determined employer contribution rate for the highway patrol officers' retirement system, the sheriffs' retirement system, and the game wardens' and peace officers' retirement system; adding a minimum rate for the actuarially determined employer contribution rate; adding a maximum annual decrease to the actuarially determined employer contribution rate; amending sections 19-6-404, 19-7-404, and 19-8-504, mca; and providing an effective date.".

From the engrossed text:

A BILL FOR AN ACT ENTITLED: "AN ACT REVISING THE ACTUARIALLY DETERMINED EMPLOYER CONTRIBUTION RATE FOR THE HIGHWAY PATROL OFFICERS' RETIREMENT SYSTEM, THE SHERIFFS' RETIREMENT SYSTEM, AND THE GAME WARDENS' AND PEACE OFFICERS' RETIREMENT SYSTEM; ADDING A MINIMUM RATE FOR THE ACTUARIALLY DETERMINED EMPLOYER CONTRIBUTION RATE; ADDING A MAXIMUM ANNUAL DECREASE TO THE ACTUARIALLY DETERMINED EMPLOYER CONTRIBUTION RATE; AMENDING SECTIONS 19-6-404, 19-7-404, AND 19-8-504, MCA; AND PROVIDING AN EFFECTIVE DATE." BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA: Section 1. Section 19-6-404, MCA, is amended to read: "19-6-404. State employer contribution -- definitions. (1) (a) From July 1, 2023, through June 30, 2024, the state shall pay as employer contributions 38.33% of compensation paid to all of the employer's employees, except those properly excluded from membership. (b) Beginning July 1, 2023, and each fiscal year thereafter, the state treasurer shall transfer $500,000 from the state special revenue fund provided for in 17-2-102 to the highway patrol officers' retirement pension trust fund by August 15. This transfer must terminate when the public employees' retirement board's actuary determines that the funded ratio for the highway patrol officers' pension system is 100% funded. (2) (a) Beginning July 1, 2024, the state shall pay as employer contributions an actuarially determined employer contribution that is determined annually by the public employees' retirement …

Read the full official text

Montana SB122: Revising the actuarially determined employer contribution rate and setting a minimum contribution rate

What the bill says

Sponsors

Latest actions

Common questions