Montana HB62 revises laws related to public employee retirement systems, clarifying definitions, benefit calculations, and member eligibility.
Montana HB62 revises laws related to the public employee retirement systems administered by the Public Employees' Retirement Board. It updates definitions, clarifies benefit calculations, and adjusts member eligibility. The bill revises the definition of "compensation" to exclude certain bonuses and per diems. It clarifies that disability retirement benefits do not convert to normal retirement upon reaching normal retirement age. The bill also adjusts the post-termination deadline for applying for disability retirement.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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