19-3-320. Supplemental state contribution -- appropriation. (1) (a) For the fiscal year beginning July 1, 2017, the state shall contribute $31.386 million and for the fiscal year beginning July 1, 2018, the state shall contribute $31.958 million from the general fund to the public employees' retirement system pension trust as a supplemental contribution to the public employees' retirement system.
(b) Starting in the fiscal year beginning July 1, 2019, the state shall contribute from the general fund to the public employees' retirement system pension trust 101% of the contribution from the previous years as a supplemental contribution to the public employees' retirement system.
(c) The 69th legislature shall review the performance of subsection (1)(b) and make recommendations for adjustments as needed.
(2) This contribution is statutorily appropriated, as provided in 17-7-502, from the general fund to the pension trust fund.
History: En. Sec. 3, Ch. 351, L. 2017.
Structure Montana Code Annotated
Title 19. Public Retirement Systems
Chapter 3. Public Employees' Retirement System
Part 3. Contributions and Refunds
19-3-309. through 19-3-314 reserved
19-3-315. Member's contribution to be deducted
19-3-316. Employer contribution rates
19-3-317. State employer to include costs in budget
19-3-318. Credit of contributions made after member becomes inactive
19-3-319. State contributions for local government and school district employers