2017 Retirement Legislation

The Montana Public Employee Retirement Administration (MPERA) is monitoring the following legislation. This list includes only those bills or portions of bills which may impact retirement systems within Montana state government and agencies contracting with MPERA.

To view the entire contents of this and other legislation, visit the Legislature's LAWS website. Our Facebook page is updated immediately as the bill status changes, so follow us for all the latest in retirement legislation!

A list of introduced bills, their sponsors and their most recent action is below.

HOUSE BILLS

HB 67
Marilyn Ryan

Generally revises TRS
An Act generally revising administrative provisions of the Teachers’ Retirement System, defining “Extra Duty Service”; revising family Law Order provisions; revising creditable service provisions; revising provisions related to calculating average final compensation; revising provisions related to cancellation of allowances and restoration of membership for disability retirees; revising death payment options.

Bill Action:
Signed by the Governor
02/22/2017

HB 68
Marilyn Ryan

Revises university system retirement plan participation requirements
An Act revising public employee retirement system membership election provision for employees hired by the Montana University System

Bill Action:
Signed by the Governor
02/22/2017

HB 72
Ryan Lynch

Increase university system supplemental contribution to TRS
An Act increasing the Montana University System Retirement Program supplemental contributions to the Teachers’ Retirement System to pay unfunded liability obligations.

Bill Action:
Tabled in Committee

HB 85
Jessica Karjala

Provide actuarial funding for Sheriffs' Retirement System
An Act revising funding provisions for the Sheriffs’ Retirement System; increasing member contribution rates; providing for a reduction in member contributions rates depending on annual actuarial valuation; providing for a temporary increase to the employer contribution rates.

Bill Action:
Tabled in Committee

HB 101
Wendy McKamey

Generally revise MPERA public employee retirement systems
An Act generally revising laws related to the administration of Public Employee Retirement Systems; revising provisions of the Public Employees’; Judges’; Highway Patrol Officers’; Sheriffs’; Game Wardens’ and Peace Officers’; Municipal Police Officers’; and Firefighters’ Unified Retirement Systems; revising provisions of the Volunteer Firefighters’ Compensation Act; creating working retiree hour limits and second retirement benefits in all systems in which they do not currently exist; clarifying eligibility for service purchases; clarifying lump-sum payouts; providing for the suspension of suspect benefit payments, providing for recovery of overpayments; clarifying when retirement benefits are subject to attachment; assessing actuarial costs to terminating employers, excluding independent contractors from working retiree limitations, revising age limits for certain disability payments, revising the workers’ compensation service purchase in the Sheriffs’ Retirement System; clarifying return to service provisions for retired volunteer firefighters.

Bill Action:
(S) Referred to Committee - (S) State Administration
02/14/2017

HB 136
Geraldine Custer

Actuarial funding for the Game Wardens' and Peace Officers' Retirement System
An Act revising funding provisions for the Game Wardens' And Peace Officers' Retirement System

Bill Action:
Tabled in Committee -- (H) Appropriations
02/08/2017

HB 171
Jeremy Trebas

Exempt Military Pensions from State Income Tax
An Act exempting military pension or retirement income and survivor benefits from state income taxation.

Bill Action:
Tabled in Committee

HB 310
Barry Usher

Exempt Social Security Income for Individuals Age 62 or Older
An Act exempting certain social security benefits from individual income tax.

Bill Action:
Tabled in Committee

HB 354
Jim Keane

Revise unemployment insurance retirement considerations
An Act revising the treatment of certain pension plans for the purposes of unemployment insurance benefits.

Bill Action:
Tabled in Committee

HB 383
Geraldine Custer

Provide actuarial required funding for Sheriff''s Retirement System
An Act increasing funding for the Sheriffs' Retirement System so it will be actuarially sound, increasing employee and employer contributions rates, terminating the contribution increases when certain actuarial conditions are met, exempting the employer contribution increase from the county mill levy cap.

Bill Action:
(H) Committee Report--Bill Passed as Amended -- (H) Appropriations
02/23/2017

HB 436
Tom Burnett

Require actuarial report using alternative assumption for investment earnings
An Act submitting to the qualified electors of Montana an amendment to Articles VIII of the Montana Constitution to provide that employer contribution increases for Public Retirement Systems must be by Legislative Referendum approved by the majority of voters in an election.

Bill Action:
Tabled in Committee

HB 499
Tom Burnett

Require voter approval for employer contribution increases in retirement systems
An Act revising actuarial valuation provisions for PERS and TRS. Requiring the PERB and Teachers' Retirement Board to provide an actuarial report based on alternative assumption related to investment returns, revising how often a regular actuarial valuation must be conducted.

Bill Action:
Tabled in Committee


SENATE BILLS

SB 16
Llew Jones

Revise fire relief association disability and pension funding requirements
An Act revising the basis for determining whether the disability and pension fund of a city’s or town’s fire relief association is soundly funded.

Bill Action:
Transmitted to the Governor
02/22/2017

SB 121
Edward Buttrey

Provide that volunteer positions are not reportable to TRS
An act providing that bona fide volunteer positions are not reportable to the Teachers' Retirement System

Bill Action:
(H) Referred to Committee -- (H) State Administration
02/13/2017

SB 143
Mike Lang

Revise retiree return to work provisions in the teachers' retirement system
An act revising provisions related to retirees returning to work under TRS, increasing the cap on the number of years a retiree may work in special circumstances, lowering the number of years of service credit a retiree must have completed to be eligible to return to work in special circumstances

Bill Action:
(H) Referred to Committee -- (H) State Administration
02/24/2017

SB 263
Dee Brown

Revise laws on public retirement system investments
An act revising how Public Employee Retirement Funds may be invested..

Bill Action:
Tabled in Committee

SR 27
Dee Brown

Confirm Governor's appointees to boards of PERS and Veterans Affairs
A Resolution of the Senate of the State of Montana concurring in, confirming and consenting to appointments to the Public Employees' Retirement Board and the Board of Veterans' Affairs made by the Governor.

Bill Action:
(S) Committee Report--Resolution Adopted -- (S) State Administration
02/18/2017

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