JRS provides retirement, disability and death benefits to all Montana judges of the district courts, justices of the Supreme Court, and the Chief Water Judge and their beneficiaries.
| JRS Summary of Benefits | |
|---|---|
Current Salary (CS) Highest Average Compensation (HAC) |
|
Years of Service required |
|
Vesting |
5 years |
Monthly Benefit Formula |
3 1/3% of CS or HAC per year of service for the first 15 years, plus 1.785% per year for each year after 15 years. |
Guaranteed Annual Benefit Adjustment (GABA) |
Hired after July 1, 1997, or those electing GABA - after the member has completed 12 full months of retirement, the member's benefit increases by a maximum of 3% each January, inclusive of all other adjustments to the member's benefit. |
Minimum Benefit Adjustment (non-GABA) |
Hired prior to July 1, 1997 - current salary is used in the calculation of the monthly benefit each time the Legislature increases salaries for active judges. This benefit is awarded only to non-GABA members or eligible contingent annuitants. |
| JRS Contribution Rates | |||
|---|---|---|---|
| Member | Employer | ||
| 7.00% | 25.81% | ||
Member Handbook This handbook contains valuable retirement information. The pdf file is large and may take some time to download. Available in both readable and printable versions.
JRS is governed by the Montana Codes Annotated, Title 19, Chapter 2 and Chapter 5.
Actuarial Valuation as of June 30, 2011. A list of assests, liabilities and other information relevant to the JRS trust fund.
Rule Notice A notice for changes to MPERA Rules that may impact JRS.