Sheriffs' Retirement System (SRS)
SRS provides retirement, disability and death benefits to all Department of Justice criminal investigators hired after July 1, 1993; detention officers hired after July 1, 2005; and to all Montana sheriffs and their beneficiaries.
| SRS Summary of Benefits | |
|---|---|
Highest Average Compensation (HAC) |
For members hired before 7/1/2011: Highest consecutive 36 months. It is not necessarily the last 36 months of your career. For members hired on or after 7/1/2011: Highest consecutive 60 months. It is not necessarily the last 60 months of your career. |
Years of Service Required
and/or |
|
Vesting |
5 years |
Monthly Benefit Formula |
2.5% of HAC per year of service. |
Guaranteed Annual Benefit Adjustment (GABA) |
After the member has completed 12 full months of retirement, the benefit increases by the applicable percentage (provided below) each January, inclusive of all other adjustments to the member's benefit.
|
| SRS Contribution Rates | |
|---|---|
| Member | Employer |
| 9.245% | 10.115% |
MORE INFORMATION ABOUT SRS
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.
SRS is governed by the Montana Codes Annotated, Title 19, Chapter 2 and Chapter 7.
Actuarial Valuation as of June 30, 2011. A list of assets, liabilities and other information relevant to the SRS trust fund.
Rule Notice A notice for changes to MPERA Rules that may impact SRS.
