Introduction
Having passed some trendsetting reforms to the state’s public pension system, Montana’s policymakers and public pensioners can count the state’s 2023 legislative session a success, especially for public safety pension beneficiaries.
The legislative reforms came in two phases; one focused on Montana’s public pension fiduciaries, and the other focused on the technical funding mechanism used to pay for pension promises made to public safety members.
Together the measures strengthen the commitment made to active and retired public workers by the state to properly manage the assets currently held on behalf of members and their taxpayer underwriters and fully fund all accrued
