Montana SB141 establishes the defined contribution plan through PERS as the default retirement plan for legislators.
Montana SB141 revises participation in public retirement systems for legislators, setting the defined contribution plan through PERS as the default retirement plan. It allows legislators who are inactive or retired members of certain retirement systems to return to active membership or join the public employees' retirement system. The bill also mandates that new legislators, elected or appointed on or after July 1, 2025, must join the public employees' retirement system defined contribution plan.
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