Montana HB370 provides a $65 million appropriation to the Highway Patrol Officers' Retirement System pension fund.
Montana HB370 allocates $65 million from the general fund to the Montana Highway Patrol Officers' Retirement System pension fund for the fiscal year starting July 1, 2025. This one-time supplemental contribution aims to address the system's unfunded liability of $65,377,745 as of the end of fiscal year 2024. The Highway Patrol Officers' Retirement System, established in 1945, serves active members and retirees of the Montana Highway Patrol, totaling 225 active members and 375 retirees and beneficiaries. The bill is effective July 1, 2025.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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