Montana SB419 revises pension laws for legislative members, altering service credit calculations.

Montana SB419 amends pension laws for legislative members by changing how service credit is calculated. It specifies that service retirement benefits should be based on the earliest period a member paid required contributions or purchased service credit, not earlier than when they assumed office. The bill also includes an effective date of July 1, 2025.

Montana SB419 revises pension laws for legislative members, altering service credit calculations.

Montana SB419 amends pension laws for legislative members by changing how service credit is calculated. It specifies that service retirement benefits should be based on the earliest period a member paid required contributions or purchased service credit, not earlier than when they assumed office. The bill also includes an effective date of July 1, 2025.