Montana reform would improve pension funding and retirement savings for public employees

In Politics by Michael Rae

Nearly two years after House Joint Resolution 8 set Montana legislators on the interim task of finding a long-term solution to better funding state pension benefits, lawmakers are advancing a reform that would greatly improve the funding and security of the state’s public employee retirement plan. House Bill 226 (HB 226), sponsored by Rep. Terry Moore (R-Billings), would guarantee active and retired members of Montana’s Public Employees Retirement System (PERS) that the system’s current $2 billion of unfunded liabilities will be paid off and future debt is less likely to accrue going forward, all while also enhancing the retirement security