HB67

Montana HB67 revises the administration of the Teachers' Retirement System, clarifying membership eligibility, reporting duties, and benefits.

Montana HB67 revises laws related to the administration of the Teachers' Retirement System. It clarifies membership eligibility for substitute teachers, part-time teacher's aides, and paraprofessionals, requiring them to make an irrevocable election to join the system upon employment or after 210 hours of service. The bill also outlines the duties of employers, including reporting employee information and contributions to the retirement system. It revises mandatory distribution provisions to align with federal law and provides definitions for various terms used within the system.